Cryptocurrency Q&A
Is gambling tax free in France?
Is gambling tax free in France?
HanbokGlamourQueenEleganceBloom
Sat Jun 08 2024
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7 answers
1709
Could you please clarify for me the tax situation surrounding gambling in France? I've heard conflicting reports on whether or not winnings from gambling are taxed. Could you explain the specific regulations and rules that apply to gambling taxes in France? Are there any exceptions or special cases that might apply? Additionally, how does the French government enforce these tax regulations, and what are the consequences for not paying taxes on gambling winnings? I'm interested in understanding the full scope of the tax implications for gambling in France. Thank you for your assistance.
7 answers
SophieJones
Mon Jun 10 2024
Another relevant tax is the one levied on spectacles, games, and entertainment. This tax may capture a wide range of activities, including those involving cryptocurrencies and financial transactions.
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Pietro
Mon Jun 10 2024
Cryptocurrency and finance are intricate fields, often intersecting with various regulatory frameworks. In France, the taxation of these services is particularly complex, as they may be subject to specific taxes depending on their nature.
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Martina
Mon Jun 10 2024
One such tax is the progressive tax on gambling services provided by casinos, known as the "prélèvement sur le produit des jeux dans les casinos". This tax is applied to gambling activities within physical casinos, but its application to online or cryptocurrency-based gambling is less clear.
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Elena
Sun Jun 09 2024
However, it is worth noting that in France, receipts flowing from bets on sporting events and online games of chance/gambling are VAT-exempt. This exemption applies regardless of whether the bets are placed through traditional channels or using cryptocurrencies.
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Valentina
Sun Jun 09 2024
This VAT exemption provides a degree of clarity for those operating in the cryptocurrency and finance space in France. It means that, at least for gambling-related activities, there is no added VAT burden on transactions involving cryptocurrencies.
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