Greece implements new tax oversight for cryptocurrency transactions

The Independent Authority for Public Revenue in Greece is preparing to implement a stricter framework for controlling cryptocurrency transactions and taxing related investment gains. A bill from the Ministry of National Economy and Finance, currently under discussion in the Permanent Committee on Economic Affairs, mandates the exchange of information between European Union tax authorities regarding crypto investments. This framework requires crypto service providers operating in Greece or other EU member states to collect and transmit detailed client and transaction data. The goal is to allow tax authorities to identify investors, track the amounts invested, and verify whether funds originate from declared income. Furthermore, tax authorities will gain the ability to perform cross-checks between invested amounts and taxpayers' reported earnings. While this specific bill focuses on domestic oversight and EU information sharing, broader reports indicate that the European Union is also considering additional taxes on digital platforms and carbon emissions to bolster its budget through 2034.