cryptocurrency news | France Refuses Amendments to Cryptocurrency Tax


The French National Assembly has rejected several tax amendments that were submitted for tax from capital gains made by investors and cryptocurrency traders. This tax amendment is designed for investors who benefit from crypto in France.


One of the rejected amendments is about annual tax redemptions from € 305 to € 5,000 or € 3,000. But € 305 is quite profitable according to National Assembly. Another refusal is cryptocurrency tax that is equated with securities,

Another amendment in Article 16A requests to charge crypto assets only for compilation sold or withdrawn to the bank. France also imposes taxes on investors to convert their crypto assets into fiat currencies and store them in transit wallets. Unless the National Assembly also refuses to make changes to it.


Last month, a Reuters report noted: "currently benefiting Bitcoin, asking for a tax of 36.2% while other forms of capital wealth in other non-property assets require a tax of 30%". The financial commission that was approved by the amendment to the 2019 budget bill aimed at selling other crypto assets to a Fiat tax of 30%

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cryptocurrency news | France Refuses Amendments to Cryptocurrency Tax cryptocurrency news | France Refuses Amendments to Cryptocurrency Tax Reviewed by sheffter on April 19, 2019 Rating: 5

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