Greece's parliament has approved a new bill that introduces a 10% capital-gains tax on profits derived from cryptocurrency trading. This legislation marks a significant change from previous proposals discussed in October, as it now incorporates specific tax rates for various crypto -related activities. Key tax provisions The new tax framework establishes a 15% tax on income generated from staking, crypto lending, and decentralized finance (DeFi). These tax rules are part of a broader Finance Ministry package that addresses financial oversight and government accounting, with the crypto tax provisions set to take effect on January 1, 2027 . Individual investors who report annual net crypto gains of €500 ($557) or less will be exempt from this tax. However, gains exceeding this threshold will incur a 10% tax on the total gain, not just the amount over €500. For instance, an investor with €600 ($669) in net gains would owe €60 ($67) in taxes. Tax implications for transactions Selling Bitcoin for euros is considered a taxable event, and spending crypto on goods or services also counts as a disposal. Investors will need to maintain accurate transaction records to determine the acquisition cost and value of their assets at the time of sale or expenditure. The legislation specifies that yield from staking, lending, and liquidity provision in DeFi will be taxed as interest income at a rate of 15% . Additionally, qualifying crypto losses exceeding €500 can be carried forward for up to five years and offset against future gains. Future guidance and considerations The bill allows a 12-month window for investors to voluntarily report previously unreported crypto income without incurring late-filing penalties, provided they meet specific conditions. While the government has not projected the tax's revenue potential, officials acknowledge the challenges in measuring the market, given that many Greek investors use overseas trading platforms. Lawmakers also discussed the need for clearer definitions regarding token-to-token trades, as current wording may inadvertently include these transactions as taxable events. The Finance Ministry plans to release guidance on transaction transparency and tax audits in the coming weeks. For more detailed information, you can read the full article at the source. This article is not financial advice. Always do your own research before making decisions about your money. Read the full article