France Advances 31.4% Capital Gains Tax on…
By Karthik Subramanian
AI summary of the source article
France's National Assembly approved an amendment to apply the country's 31.4% flat capital gains tax to cryptocurrency-to-stablecoin conversions starting January 2027. The measure removes current tax deferrals on qualifying stablecoin swaps if fully enacted.
Why it matters
For cryptocurrency investors in France, the central implication is that moving into qualifying stablecoins could cease to provide a tax-deferred alternative to selling digital assets for euros.
Key facts
- Lawmakers approved amendment I-3898 to the 2027 Finance Bill by a 38-to-37 vote with 25 abstentions.
- The rule would tax conversions into MiCA-qualifying electronic-money tokens at 31.4% starting January 1, 2027.
- The amendment replaces portfolio-wide acquisition-cost calculations with a weighted-average method applied separately to individual assets.
Source excerpt · FinanceFeeds
France's National Assembly has advanced legislation that would make cryptocurrency-to-stablecoin conversions subject to the country's existing 31.4% flat capital-gains tax, potentially changing how investors manage digital asset portfolios from January 2027. Lawmakers approved amendment I-3898 to the 2027 Finance Bill on October 16, 2026, by 38 votes to 37, with 25 abstentions. The proposal, intro…