France’s finance commission eases capital gains tax on bitcoins with other non-real estate assets

The finance commission has moved to amend the 2019 budget bill to include the sales of crypto assets which will be taxed at 30% rather than the earlier 36.2%.

France’s finance commission in its lower house of parliament has backed plans to lower tax on the sales of bitcoins, thus bringing it on par with other capital gains taxes.

Currently, France levies a tax rate of 36.2% on gains from trading in bitcoins; other forms of capital gains on other non-real estate assets are taxed at a flat 30%.

Now, the finance commission has moved to adopt an amendment to the 2019 budget bill that would subject sales of crypto-assets, such as bitcoins, to a flat rate of 30%.

Before the amendment becomes law, it must be approved by the broader French parliament.

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