French Lawmakers Plans To Ease Taxes On Bitcoin Gains

by | Nov 8, 2018 | Bitcoin, Cryptocurrency, Cryptocurrency News

France| Bitcoin | Taxes | Crypto Assets | Capital gains

Currently, the tax implied on Bitcoin gains in France is 36.2 percent, while other forms of capital gains are taxed at a flat 30 percent rate. As per a report by Reuters, the finance commission in the lower house of France’s parliament is planning to ease of bitcoin and altcoin taxation to keep it at a similar level with other similar capital gains.

According to reports, the 2019 budget bill will feature this amendment to tax crypto assets like Bitcoin to the 30 percent flat rate. But before that, its final version still awaits approval.

France Becomes Europe’s Leading ICO Hub By Accepting New ICO Framework

While the economies around the world are taking their own approach towards Cryptocurrencies. While some have come down to outrightly outcast the tokens, the others are puzzled over the correct kind of regulations for crypto assets, including their taxation.

Read more: Japan Seeks To Simplify Cryptocurrency Tax Reporting

Arshmeet Hora

The idea of expressing one’s views and reviews through words is beyond intriguing. What started as a creative let out has now become a passion and a profession for Arshmeet K Hora. In her own words ” with every word, every article that I write, my passion towards this medium has grown stronger.”  Arshmeet covers latest crypto news and updates as well as what happening new revolving around Blockchain Technology.

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