France has introduced a new tax on Bitcoin, classifying it as "unproductive wealth." Now cryptocurrencies, like luxury assets, will be taxed at high rates. Profits from the sale of Bitcoin exceeding 305 euros will be taxed at a fixed rate of 30%. In 2023, a progressive tax was introduced for individuals with income up to 27,478 euros — 28.2%. Additionally, all cryptocurrency wallets abroad must be declared, and there are fines and even imprisonment for tax evasion.
12/3/2024 4:01:37 PM (GMT+1)
France introduces new taxes on Bitcoin and other cryptocurrencies: 30 percent tax rate, progressive scale, and mandatory declaration of accounts abroad 💰
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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