How does crypto tax work in France?

2 answers

• Mar 15, 2022 · 3 years ago
  Crypto tax in France is governed by the French tax authorities, and they consider cryptocurrencies as taxable assets. If you buy, sell, or exchange cryptocurrencies in France, you may be subject to capital gains tax. The tax rate depends on the duration of your holding period, with a lower rate for long-term investments. It's important to keep track of your transactions and report them accurately on your tax return to avoid any penalties or legal issues. Consulting with a tax professional who specializes in cryptocurrency taxation is highly recommended to ensure compliance with the regulations.
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• Mar 15, 2022 · 3 years ago
  BYDFi is a cryptocurrency exchange that operates in France. They provide resources and guidance on crypto tax regulations in the country. According to BYDFi, individuals who use their platform can access detailed transaction histories and tax reports, making it easier to calculate and report their crypto taxes accurately. However, it's important to note that BYDFi is just one of many exchanges available, and individuals should explore different options and choose the one that best suits their needs and preferences.
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