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1541605283 french lawmakers back plans to ease taxes on bitcoin gains 660x330 - French lawmakers back plans to ease taxes on bitcoin gains

French lawmakers back plans to ease taxes on bitcoin gains

French lawmakers back plans to ease taxes on bitcoin gains

gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw== - French lawmakers back plans to ease taxes on bitcoin gains

A Bitcoin brand is observed on a cryptocurrency ATM in Santa Monica, California, U.S., January four, 2018. REUTERS/Lucy Nicholson

PARIS (Reuters) – The finance fee in France’s decrease space of parliament sponsored plans on Wednesday to ease tax on bitcoin gross sales, bringing it in step with different capital gains tax.

Currently bitcoin gains are taxed at a charge of 36.2 % whilst different varieties of capital gains on different non-real property sources are taxed at a flat 30 %.

The finance fee followed an modification to the 2019 funds invoice that may matter gross sales of crypto-assets like bitcoin to the 30-percent flat charge as neatly.

The modification should be authorized within the ultimate model of the funds invoice through the wider parliament so as to transform legislation.

Reporting through Myriam Rivet, writing through Leigh Thomas; enhancing through Michel Rose

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