Realization of gains.
Losses can be carried forward and offset against profits within the same category for 6 years.
Cryptocurrency is taxed in the same way that movable property is taxed. How your crypto is taxed depends on whether you're an occasional investor, a miner, or a professional trader.
As per the French tax authority, capital gains from the sale of digital assets, bitcoins, or other cryptocurrencies, are taxed as:
- Occasional traders - Flat Tax of 30%
- Professional traders - BIC tax of 45%
- Crypto miners - BNC Tax of 45%
No tax on crypto-to-crypto
In good news, France does not tax crypto-to-crypto trades.
Tax on crypto to fiat
Instead, the DGFiP will only tax cryptocurrency when the crypto is converted into fiat currency if the overall capital gain exceeds 305€.
When will you not pay tax on crypto in France?
The sale of cryptocurrency for Euros or other legal currencies is what triggers a taxable event in France. Cryptocurrency owners who hold onto their crypto-assets without converting them into fiat currency, therefore, do not have to pay taxes.
Disclaimer: This is not a legal, tax, accounting or investment advice. It is general information which should only be used for introduction purposes. You should consult with a tax/legal specialist.