France Proposes Tax on Crypto Swaps and Exit for Wealthy Holders
- France’s Finance Committee adopted an amendment to tax swaps of crypto into stablecoins as sales from January 1, 2027.
- An exit tax will apply to households with crypto holdings over €800,000 when moving abroad, starting January 1, 2027.
- Investors can carry forward crypto losses for up to ten years to offset future gains.
- The committee rejected the budget’s revenue section by a vote of 31 to 3, requiring the Assembly to debate the government’s original text starting October 13.
The proposed amendments aim to close legislative gaps by taxing stablecoin swaps and extending existing exit taxes to cryptocurrency holdings. The measures are not yet law and require further legislative approval during upcoming debates.
