Cryptocurrency Q&A
Are cryptocurrencies taxed in France?
Are cryptocurrencies taxed in France?
TaegeukChampionCourageousHeart
Tue Sep 10 2024
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7 answers
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Are cryptocurrencies subject to taxation in France? I'm curious about the legal status of these digital assets in terms of tax liability. Do French taxpayers need to declare their cryptocurrency holdings and transactions, and if so, what kind of taxes might apply? Are there any specific regulations or guidelines in place to govern the taxation of cryptocurrencies in France?
7 answers
PhoenixRising
Wed Sep 11 2024
If the DGFiP deems an individual as a casual investor, the tax obligations differ from those of a professional trader.
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DigitalEagle
Wed Sep 11 2024
Cryptocurrency taxation in France operates on a specific framework, where the conversion of crypto assets into fiat currency triggers taxation.
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Margherita
Wed Sep 11 2024
Casual investors are likely to face less stringent tax regulations compared to those engaged in professional trading activities.
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Alessandra
Wed Sep 11 2024
The tax rate applicable to cryptocurrency transactions is determined by various factors, including the individual's tax bracket and the nature of the transaction.
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CosmicDreamWhisper
Wed Sep 11 2024
On the contrary, engaging in activities such as trading, exchanging, or swapping one cryptocurrency for another does not attract tax implications.
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