How does France tax capital gains on cryptocurrency transactions?

3 answers

• Pacheco SkytteSep 27, 2020 · 5 years ago
  In France, capital gains from cryptocurrency transactions are subject to taxation. The tax rate depends on the holding period of the cryptocurrency. If the cryptocurrency is held for less than one year, it is considered as short-term capital gains and is taxed at the individual's marginal income tax rate. On the other hand, if the cryptocurrency is held for more than one year, it is considered as long-term capital gains and is subject to a flat tax rate of 30%. It's important to note that these rates may vary depending on the individual's tax bracket and other factors.
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• Eliza LockhartJun 22, 2024 · a year ago
  When it comes to taxing capital gains on cryptocurrency transactions in France, the authorities treat it similarly to other types of investments. The gains are included in the individual's taxable income and are subject to the applicable income tax rates. The tax rates range from 0% to 45% depending on the income bracket. Additionally, there is a 17.2% social security contribution that is levied on the capital gains. It's recommended to consult with a tax professional or accountant to ensure compliance with the tax regulations and to optimize tax planning strategies.
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• Nikhil JaggiSep 29, 2022 · 3 years ago
  As an expert in the field, I can confirm that France taxes capital gains on cryptocurrency transactions. The tax rates differ based on the holding period of the cryptocurrency. If you hold the cryptocurrency for less than a year, the gains will be taxed at your regular income tax rate. However, if you hold it for more than a year, the gains will be subject to a flat tax rate of 30%. It's important to keep track of your transactions and consult with a tax advisor to ensure accurate reporting and compliance with the tax regulations. If you have any specific questions, feel free to ask!
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