Greece has officially integrated cryptocurrencies into its Tax Code (2025/2026 update). Crypto gains are now clearly regulated by the AADE (Independent Authority for Public Revenue).

This guide explains the Greek legislation for individuals and how to set up your Waltio account to generate a compliant report.

In Greece, the legislator has separated investment capital gains (trading) from activity income (staking/mining).

For your classic buy/sell operations, the tax authorities apply a very attractive flat tax of 15% on the net profit of your transactions (Selling Price - Purchase Price - Admissible Fees).

Handling Capital Losses:

If you realize a net loss during the tax year, this loss is not lost. You can use it to offset your gains from the same year, and if the balance remains negative, you have the right to carry this loss forward for the next 5 years to reduce your future taxes.

The exchange of one cryptocurrency for another is a taxable event. You must calculate and pay the 15% tax on the capital gain realized at the exact moment of the exchange.

Great news: Waltio's behavior is perfectly aligned with Greek law. The software automatically considers every Crypto-to-Crypto exchange operation as taxable and calculates the capital gain (or loss) realized at the second of the swap.

In Greece, income generated from mining or staking is not taxed at 15%. It is considered ordinary income (like a salary) and is subject to the progressive income tax scale, ranging from 9% (for the first €10,000) up to 44% (above €40,000). The law requires this income to be reported at its Euro value on the day of receipt.

To ensure simplified global tracking, Waltio adopts a different default approach:

Consequence: Taxation is deferred. It is only when you sell these tokens that the operation becomes taxable, and the entire disposal amount will be considered a capital gain.

To have tax accounted for upon receipt (Strict Compliance):

If you wish to follow the Greek tax code to the letter and report this income at the progressive scale in the year of receipt, a manual process is required on the platform. You will need to individually modify each passive gain transaction to enter its acquisition price (the market price of the token on the exact day of receipt). Thus, the acquisition value will no longer be €0, and the operation will be isolated as immediate income. This value will then become your cost basis for future sales.

In addition to crypto-to-crypto trades, moving into the traditional economy triggers the 15% flat tax:

On Waltio, FIFO (First-In, First-Out) tracking handles crossing all these events to give you a clear net result.

Disclaimer: This guide is provided for purely informational and educational purposes. Legislation surrounding digital assets is sometimes subject to interpretation and can evolve very rapidly. Waltio does not provide tax or legal advice. We strongly recommend consulting a tax lawyer or a certified professional in Greece to validate your personal situation.