The Complete Crypto Tax Guide For Greece in 2025

📌 Introduction

Crypto taxation in Greece is governed by the Greek Independent Authority for Public Revenue (IARP), also referred to as AADE. Cryptocurrencies in Greece are considered taxable digital assets, subject to both income and capital gains tax.

This guide covers tax implications for buying, selling, and earning crypto in Greece. We cover all taxable events, their specific tax consequences, how and while to file, and we include some strategies for reducing your crypto tax bill.

📅 Reporting and Deadlines

• Tax year: January 1 to December 31

• Filing deadline: June 30 of the following year

• Platforms and forms: Individuals report via the E1 and E2 forms on the AADE’s Taxisnet platform.

💼 Crypto Tax Basics

Taxable Transactions

• Selling or swapping incurs capital gains tax. Losses can be used to offset gains.

• Using crypto to purchase goods or services - taxed as a disposal, like selling.

• Receiving crypto from employment, mining, staking, or airdrops is taxable as income.

Non-Taxable Transactions

• Buying crypto with fiat currency

• Transferring crypto between the wallets you own

• Small crypto gifts under €800 per year in total

Deducting Losses

• Capital losses from crypto transactions can offset gains within the same tax year

• Excess losses cannot be carried forward to future years

Key Allowances and Thresholds

• There is no specific tax-free threshold for crypto gains. The very first euro earned is subject to taxation.

💸 Income Tax Brackets

Greece employs a progressive income tax system with the following brackets:

An additional solidarity tax may apply, depending on the total income.

📈 Capital Gains Tax on Crypto

Two basic types of transactions are subject to capital gains tax in Greece: selling/swapping your crypto, or using it to pay for goods and services. Here’s the full breakdown:

Taxable Events

• Selling or swapping crypto for a profit is taxable, with no distinction between long-term and short-term gains.

• Using crypto to pay for goods or services. Taxed as a disposal on any raelized profits.

Calculation Method

• Calculate net profit (sales price minus acquisition cost and allowable expenses)

• Apply the flat rate tax of 15%

💰 Income Tax on Cryptocurrency

There are a few different types of transactions that are subject to income tax in Greece. All income-related transactions are taxed based on their fair market value in euros at the time of receipt.

Taxable Income Sources

• Rewards from mining, staking, lending, LPing, and any other DeFi vehicle

• Airdrops

• Payments received in crypto for goods or services

Calculation Method

• Income valued at fair market price on receipt date in euros

• Expenses directly related to earning income via crypto are deductible, such as equipment and electricity for mining and gas fees

• Income is taxed according to progressive tax brackets

🔍 Various Categories of Crypto Transactions

NFTs

• Sales by investors: capital gains at 15%

• Creation and sale by artists: taxable income based on sale value, progressive income tax brackets apply

Lost or Stolen Crypto

• Lost or stolen crypto is generally not deductible unless officially documented and proven as unrecoverable

Gifting and Inheritance

• Crypto gifts under €800 per year are tax-free

• Crypto inheritance is subject to inheritance tax based on value and relationship to the deceased

🧾 Using Crypto Tax Software

Crypto tax software, such as Awaken, can significantly alleviate the pain of managing your crypto taxes. All you need to do is plug in your wallets and exchange accounts, and we tally up your capital gains and income transactions, and offer downloadable exports of various tax documents.

• Crypto tax software simplifies tracking and reporting

• Key features: transaction tracking, automatic classification, detailed reporting

• Ensure compatibility with IARP’s Taxisnet system

• Opt for platforms providing support and compliance resources

💡 Reducing Crypto Taxes Legally

• Utilize tax-loss harvesting within the tax year

• Carefully manage the timing of selling crypto to optimize taxable gains

• Document all related expenses thoroughly for deductions (Awaken does this for you!)

✅ Conclusion

Compliance with crypto tax regulations in Greece is crucial. Maintain detailed records of all transactions. Consult the AADE or a professional tax advisor for tailored guidance. For more information, please visit the official AADE website at www.aade.gr.