defi ·
Greece approves 10% crypto gain tax, 15% DeFi income levy
A 15% charge on income derived from Decentralized Finance (DeFi) has been sanctioned by Greece, alongside a 10% taxation rate applied to profits realized from cryptocurrency holdings.
Market participants possess a twelve-month window to report previously accrued crypto gains, and during this period, they will be exempted from penalties associated with late submission. Nevertheless, ambiguities persist concerning the proper tax treatment of exchanges involving only cryptocurrencies.
This regulatory action in Greece reflects a broader trend toward increased governmental oversight and the implementation of fiscal frameworks across various digital asset sectors.
