Amendment of French Finance Bill Proposes Cut Crypto Tax

[ChainDD report] November8 (ChainDD) A finance commission in France’s lower house of parliament adopted an amendment to a bill about tax cut for cryptocurrency, according to French newspaper Le Figaro.

Currently, the amendment is essentially a draft of the amended 2019 government budget bill. It is scheduled to hold a hearing for it, and if the final version receives approval of the broader parliament, the French government will treat the tax on cryptocurrency sales as the capital income tax. According to the amendment, from Jan 1 2019, the tax rate of cryptocurrency will decrease from the current 36.2% to 30%.

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