France to Support Lower Taxes on Bitcoin Profits

France’s finance commission in the lower house of parliament agreed to ease taxation on Bitcoin sales, in line with other capital gains.


Currently, Bitcoin profits are taxed at 36.2 percent, compared to other capital gains on non-real estate assets that are taxed at 30 percent.


However, the amendment, which also includes a flat rate of 30 percent on Bitcoin sales, must still be approved in the final version of the budget bill by the broader parliament.


Source: Reuters

Post a Comment