France’s lower house is considering a wider crypto tax framework as lawmakers examine the 2027 budget bill. On Oct. 8, the Finance Committee of the National Assembly reviewed a set of crypto-related amendments, with three adopted so far and one rejected out of 10 proposals submitted.
The approved measures would change when some crypto gains become taxable, expand the treatment of losses, and create a new exit tax for certain taxpayers leaving France. The proposals were adopted at committee stage and form part of the broader budget deliberations.
Tax point could move to stablecoin conversions
One of the adopted amendments would treat conversions from crypto assets into fiat-pegged stablecoins as a taxable event. Under the proposal, gains would be taxed at the moment an investor switches into a stablecoin, even if no cash is withdrawn into euros or dollars.
That would mark a broader approach than one focused only on final cash-outs. In practice, the amendment targets transactions in which an investor locks in value by moving from a volatile crypto asset into a stablecoin linked to a fiat currency.
Exit tax aimed at large holders leaving France
A separate amendment approved by the committee would introduce an exit tax for crypto assets. The proposal is designed to tax unrealized gains when a taxpayer transfers their tax residence from France to another country.
The measure would apply only in specified cases. According to the proposal, the person must have been a French tax resident for at least six of the previous 10 years, and their total crypto holdings must exceed 800,000 euros.
The committee text describes this as a tax on unrealized appreciation tied to a change of tax residence. It is separate from any levy that may arise when assets are later withdrawn from an exchange or wallet.
Loss carryforwards extended beyond the current year
Lawmakers also backed a change to the treatment of crypto trading losses. If adopted in the final budget law, losses that cannot be deducted in the year they occur could be carried forward and offset against gains from the same type of asset over the next 10 years.
The proposal would add to the current framework, which only allows gains and losses to be netted within the same year. Supporters of the change say it is meant to ease the tax burden on investors who suffer losses in one period and return to profit in later years.
Budget review still underway
The crypto measures are part of the Finance Committee’s ongoing review of the 2027 budget bill rather than the final enactment of tax law. Of the 10 crypto-related amendments submitted during this stage, three have been adopted so far and one has been rejected.
The next confirmed step is continued legislative consideration as the budget process moves forward. Until the broader bill is completed, the adopted amendments remain committee-approved proposals rather than final rules in force.
Source: en.bloomingbit.io