Bitcoin Revenues May Be Exempt From Taxation in France

Europe France Taxes
Cryptoasset Tax
Maciek Klimowicz
Written by Maciek Klimowicz

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.

 

 

About the author

Maciek Klimowicz

Maciek Klimowicz

A seasoned writer and editor with 10 years of experience in a variety of print and online media. Recognizing the transformative potential of the blockchain technology, Maciek has now put his pen to work to explore the key issues of this fast-evolving sector. Contact him on [email protected].

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