Greece plans 10% capital gains tax on cryptocurrencies

Greece is preparing draft legislation to impose a 10% capital gains tax on cryptocurrencies, as it moves towards the country’s first digital asset taxation framework.Greece published a draft bill on Wednesday proposing a 10% capital gains tax on cryptocurrencies, with an exemption for annual gains of up to 500 euros ($559.95).Officials seek to close the consultation on the draft bill on Oct. 22, before a parliamentary vote scheduled for the first week of November. The proposal would also allow the voluntary declaration of previously realized crypto gains without penalties, exempt crypto-to-crypto swaps from capital gains tax and introduce a flat 10% tax on returns from staking, lending or liquidity providing.The draft bill marks Greece’s first attempt at a comprehensive crypto taxation framework.Most European countries have already developed digital asset taxation rules. Austria introduced a 27.5% tax on cryptocurrency gains in March 2022. France introduced a 30% flat tax on individual crypto capital gains in December 2018.In September, the German Federal Ministry of Finance reportedly issued a draft proposal to transition cryptocurrency trading profits to the standard 25% flat-rat...