France proposes tax on stablecoin swaps and exit tax for crypto investors
- The French National Assembly Finance Committee approved a proposal to tax conversions into fiat-pegged stablecoins starting January 1, 2027.
- This amendment, proposed by MP Nicolas Sansu, identifies current tax treatment as a legislative loophole.
- Taxable gains will be calculated based on the acquisition cost of disposed assets using a weighted average method.
- An additional amendment allows investors to carry forward realized crypto losses for up to ten years.
- A newly adopted exit tax will apply to unrealized gains for taxpayers with household crypto holdings exceeding €800,000 ($895,000) when relocating abroad.
These measures are part of France’s broader strategy to regulate cryptocurrency taxation in alignment with EU directives, including the upcoming DAC8 reporting requirements effective from January 2026.
If enacted, these changes could significantly impact how investors manage their crypto portfolios and report their taxes in France and across the EU.(Source)
