France promotes stable currency tax and crypto exit fee, key decisions scheduled for October 20

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法国国民议会财政委员会推进加密货币税收修正案

法国国民议会财政委员会已通过几项针对加密资产持有者征税的修正案，重点聚焦于转换为《加密资产市场法规》（MiCA）监管下的稳定币的交易，并将离境税扩展至高价值加密投资组合。这些举措是委员会对国家预算持续审查的一部分，但在成为法律之前仍面临重大的立法障碍。

稳定币兑换面临税务审视

拟议的主要变化之一是将加密货币兑换为稳定币——即与欧元或美元等官方货币挂钩的代币——视为应税交易。根据尼古拉·桑苏（Nicolas Sansu）及其16名共同签署人提交的修正案，自2027年1月1日起，将比特币或其他任何加密货币兑换为受MiCA法规覆盖的稳定币将被视为应税销售。收益将根据被转换加密货币的原始购买价格进行计算。

目前，此类兑换在法国不会触发纳税义务，因为法定税收仅适用于数字资产兑换为法币或用于消费的情况。修正案作者将当前的监管漏洞描述为“立法中的空白”，并主张稳定币作为流动性投资工具，不应提供避税漏洞。

If the measure takes effect, the conversion of cryptocurrencies into stablecoins will be considered a tax sale, and the tax will be calculated based on the asset holder's initial acquisition cost. The amendment aims to align the treatment of stablecoins that meet the MiCA definition with cash sales. The effective tax rate will reflect France's standard flat tax rate, which will rise to 31.4% this year after the 2026 social protection law adjusted the social fee component. The text clarifies that these measures are not intended to introduce new taxes, but to ensure the consistent application of existing laws.

Departure tax covers crypto assets

The second amendment proposed by Sansou focuses on extending France's current departure tax to digital assets. The tax is designed to capture unrealized gains when taxpayers move overseas and currently applies to shares exceeding 800,000 euros.

If the rule is implemented, it will apply to all tax households with a total crypto asset value of more than 800,000 euros-whether managed by a third party or self-managed-as long as taxpayers have been residents of France for at least six of the past ten years. The proposed legislation draws on thresholds and payment deferral mechanisms in existing stock rules. It specifically excludes exchanges between different cryptocurrencies without the intervention of fiat currencies.

Documents submitted under the proposal require taxpayers to disclose all crypto assets at the time of relocation, including assets held domestically or assets in foreign wallets controlled by individuals rather than exchanges. Lawmakers who support the measure say such rules are crucial given the ease of cross-border transfer of digital assets.

其他变更及立法进展

财政委员会还批准了丹尼尔·拉巴罗恩（Daniel Labaronne）提出的一项措施，允许投资者在未来十年内用加密投资损失抵消未来收益，使数字资产与现有的股票规则保持一致。

2025年10月下旬，国民议会以163票对150票通过了一项更广泛的财富税修正案，对超过200万欧元的“非生产性”财富征收每年1%的税费，将数字资产与黄金和游艇归为一类。律师Burçak Ünsal评论称，在这些框架下对早期代币持有者征税可能在“经济上是不公正的”。

Coinbase于2024年10月宣布，将于2024年12月30日前下架不符合MiCA要求的稳定币供欧洲客户使用，并建议用户转向USDC和EURC等获批币种。

尽管委员会已批准这些修正案，但其近期前景仍不确定。10月9日，委员会以31票对3票否决了2026年预算的收入部分。这意味着国民议会将对政府未经新提议加密条款修改的原预算文本进行辩论。

加密货币修正案的支持者必须在10月13日开始的全院辩论中重新引入这些修正案，正式投票定于10月20日进行。如果这些措施在此过程中成功插入并通过，稳定币税和离境税规则将于2027年1月1日生效。

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