French lawmakers adopt amendment to cut cryptocurrency tax

French lawmakers adopt amendment to cut cryptocurrency tax

French lawmakers have adopted an amendment to the 2019 budget bill that will cut capital gains tax on Bitcoin sales to 30 percent from 36.2 percent. This will bring cryptocurrency transactions in line with other non-real estate assets. The amendment is now required to be approved by the broader parliament in order to become a law. If approved, the new tax will come into force in January.

KCooper
KCooper
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