How does France's capital gains tax apply to profits from trading cryptocurrencies?

1 answers

• ADARSH RAJDec 11, 2020 · 5 years ago
  As an expert in the field, I can tell you that France's capital gains tax does indeed apply to profits from trading cryptocurrencies. The tax rate varies depending on the holding period of the cryptocurrency. If you hold the cryptocurrency for less than a year, the gains will be taxed at your income tax rate. However, if you hold it for more than a year, the gains will be taxed at a flat rate of 30%. It's important to note that these tax regulations apply to both French residents and non-residents who trade cryptocurrencies in France. To ensure compliance with the tax laws, it's recommended to keep detailed records of your trades and consult with a tax professional who can provide personalized advice based on your specific circumstances. Remember, it's always better to be proactive and stay on the right side of the law when it comes to taxes.
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