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France

Bitcoin Revenues May Be Exempt From Taxation in France

April 25, 2014 by Ashley MAO

Due to an exception in the French tax law, which exempts minor and irregular revenues from taxation, as long as those who make them don’t make their living of them, bitcoin revenues might not be taxed in France.

A representative of the ministry explained in a press interview: “For the time being, there is no declarative obligation in what concerns bitcoin,”

“There is a certain tolerance [from the state authorities] regarding minor and irregular revenues, for instance from occasional sales.” he added.

Bitcoin is not officially recognized as a legal tender by the French authorities.

 

 

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Ashley MAO, Coinlaw

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Ashley MAO is a member of the Coinlaw team. Read more about our team.

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