France Targets
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin With New Tax
In 2025
Budget Proposal
France Targets Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin With New Tax In 2025 Budget Proposal
by Christian Encila
3 minutes ago
in Crypto News
0
The French government proposes replacing the real estate wealth tax with an
“unproductive wealth tax” that targets dormant assets, including
cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта , luxury goods, and other unused real estate. According to
Senator Sylvie Vermeillet, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin will be classified as a non-productive
asset in next year’s national budget. Vermeillet’s proposal is similar to the
taxation of luxury goods and unused real estate.
Related Reading: Norway Plans 2025 Probe Into Crypto Firms Over Ethical
Concerns
The French tax laws apply a flat 30% tax on cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта gains over €305.
However, in the proposed tax law for 2025, even unrealized gains on crypto are
subject to tax. Under Vermeillet’s proposal, assets in custody over €800,000
shall become taxable.
Failure to report an external account faces a €1,500 per account, but
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта-to-cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта trades are tax-free• Торговля » Tax free. The new tax proposal has
already passed the senate s preliminary vote, but the legislation is not
yet final.
JUST IN: ð«ð· France to tax #Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin unrealised capital gains.
pic.twitter.com/8zsehL05f4
— Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Archive (@BTC_Archive) December 3, 2024
French Gov t Looking For Balanced Taxation
On December 3rd, French Senator Sylvie Vermeillet formally submitted a
proposal to classify Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта as non-productive assets in
next year’s budget. Like unused real estate and luxury goods, unproductive
assets like Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and digital assets are subject to tax. French
Finance Minister Laurent Saint-Martin approves the proposal, saying exempting
the top digital asset from taxation while taxing other economic assets is
unfair.
The proposal aims to balance taxation between digital and physical assets ,
creating a “balanced taxation system.” Once approved, crypto holders and
investors must reevaluate their holdings and future investments. However, the
proposal has a few critics who say it may reduce market interest and increase
price volatility.
Total crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта cap at $3.47 trillion on the daily chart: TradingView.com
No Tax On Crypto-To-Crypto Trades
French taxation laws impose taxes on profits gained from purchases made with
BTC or other digital assets and sales of digital assets for Euro. Under the
current proposal, there are no taxes on crypto-to-crypto trades, allowing
investors and holders to diversify their holdings with tax obligations
instantly. According to its proponents and supporters, the new tax law will
benefit crypto trade and expand market participation.
Image: Nomad Offshore Academy
The amendment filed on November 18th specifies the tax rates for next year’s
national budget, with holders paying taxes for assets over €800,000. While the
new rule may seem simple, the reporting process can be daunting for some.
Crypto holders must track transactions like lending, staking, and liquidity
pools.
Related Reading: Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin And Ether ETFs Set Record $7.6 Billion Inflows Amid
Trump’s Crypto Push
Crypto Holders Must Report Or Face Fines
The submitted amendment also requires French taxpayers to report any crypto
accounts outside the country. Failure to file a report is subject to a €750
penalty. And if the account holds more than €50,000 in assets, the penalty
increases to €1,500.
Vermeillet’s proposal also requires holders to submit the Cerfa 3916-bis form
annually for tax reporting purposes. Taxpayers must file their tax returns
annually, even if no recorded transaction is involved. Authorities reserve the
right to review individual tax records if the government suspects potential
fraud.
Featured image from Alexander Spatari via Getty Images , chart from
TradingView