Greek tax authorities will begin sharing information on cryptocurrency holdings with other countries in the European Union and the Organization for Economic Cooperation and Development (OECD) to combat tax evasion and money laundering.
The first data transmission for Greece is scheduled for 2027, after crypto service providers are required to report individuals and legal entities holding digital assets. Officials said the move marks the first step toward monitoring and taxing funds invested in cryptocurrencies.
Authorities say the exchange of information will allow tax officials in each country to verify whether funds invested in cryptocurrencies originate from declared income. If the initial investment is not supported by declared income, individuals could face tax evasion charges and criminal prosecution for money laundering.
The required data will include the name, address, jurisdiction of residence, tax identification number, and date and place of birth of individuals, as well as the name, address, and identification number of reporting crypto service providers.
The bill also requires details on each relevant cryptocurrency, including total gross amounts paid and received, the number of units held, the number and type of transactions, and their commercial value.
Officials note that although a government committee on cryptocurrencies was formed two years ago, it has yet to issue a report, and there is currently no framework for taxing cryptocurrency capital gains. Many investors voluntarily declare gains on their tax returns, but authorities currently consider cryptocurrencies “invisible,” preventing investors from using profits for major purchases through banking or card systems.