• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • TMRW, Dubai (February 8-10, 2023)
    • European Blockchain Convention, Barcelona (February 15-17, 2023)
    • Blockchain Fest, Singapore (February 16-17, 2023)
    • Blockchain Economy Summit, London (February 27-28, 2023)
    • Paris Blockchain Week (March 20-24, 2023)
    • GAIN Expo, Amsterdam (May 4-5, 2023)
    • Blockchain Expo North America, Santa Clara (May 17-18, 2023)
    • COMEX, Oman (May 22-25, 2023)
    • BLOCK3000: Blockchain Battle, Lisbon (July 6-7, 2023)
    • NFT Show Europe, Valencia (July 14-15, 2023)
    • TOKEN2049, Singapore (September 13-14, 2023)
    • Blockchain Expo Europe, Amsterdam (September 26-27, 2023)
    • Future Tech Event, Oman (November, 2023)
  • Past Events
    • Event Horizon
    • Blockchain Life
    • BlockShow Europe

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies


Join us on Telegram: https://t.me/crypto_reporter
Visit Paris Blockchain Week on March 20-24, 2023
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

France lowers capital gain tax on cryptocurrency to 19%

April 29, 2018 By Vitali Maldashou

Retail traders until recently had to pay up to 45% tax on each transaction, not counting social security payments of 17.2%. The government has changed the rules, lowering the bar by more than twice.

 

The Council of State, a body of the French national government that acts as legal adviser of the executive branch, stated that digital money transactions will be regarded as capital gain on “moveable property”. The news was reported by local newspaper Le Monde. Taxation promises to change dramatically.

Before, profits from sale of cryptocurrency were treated as “industrial and commercial profits” in the case of usual activity, and as “non-commercial profits” in case of occasional activity. Depending on circumstances, the tax would run up to 45%, not accounting for Generalized Social Contribution (CSG) of 17.2%. The new regulation will allow traders to pay a flat rate of 19%, which is substantially lower , even if CSG is added.

The exceptions to the 19% rate are earnings from mining, taxed as non-commercial profits, and professional activity, taxed as industrial and commercial profits.

The decision to alter the tax rate was made after citizens appealed to France’s supreme regulatory body to change the regulation at the beginning of the year. The previous tax rate has been in place since July 2014.

Filed Under: General News, News Tagged With: cryptocurrency, Europe, France, news, regulations

Primary Sidebar

Follow Us

Press Releases

Aptos Labs Makes Commitment to Web3 Innovation in Higher Education Through $50K Grant and New Advisor

February 6, 2023

Crypto Wild West: 85% of UK crypto firms fail to meet minimum FCA standards

February 6, 2023

NEAR Foundation and the NYU School of Professional Studies Collaborate on the Launch of a Web3 Learning Workshop for Students, Faculty, and Industry Partners

February 6, 2023

QIE Wallet & Web 3 Banking – The Entry Point to QI Ecosystem

February 6, 2023

Binance Trading Bot

February 5, 2023

TMRW

EBC 2023

Blockchain Fest Singapore 2023

Blockchain Economy London 2023

PBW 2023

GAIN Expo 2023

Blockchain Expo North America 2023

COMEX 2023

Blockchain Expo Europe 2023

Blockchain Expo Global 2023

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2023 Crypto Reporter