French Finance Committee Accepts Crypto Tax BillFrench Finance Committee Accepts Crypto Tax Bill
By Mary Kihoro - November 8, 2018

The Finance Committee in the lower house of the French National Assembly has accepted a draft proposal that seeks to amend the current tax bill to ease the taxes paid on virtual assets. Moving forward, if the amendment bill is passed by the larger parliament, crypto sales will attract an equal tax as the capital income tax. The current tax rate on crypto is 36.2% but passing the amendment bill may reduce the tax to 30%.