French National Assembly Finance Committee passes amendments on stablecoin conversion tax and crypto exit tax, pending plenary review

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【French National Assembly Finance Committee Passes Amendments on Stablecoin Conversion Tax and Crypto Exit Tax】

The French National Assembly Finance Committee passed two crypto tax amendments this week: starting January 1, 2027, converting stablecoins regulated by MiCA would be treated as a taxable sale; and an exit tax is proposed for tax households relocating abroad whose total crypto-asset value exceeds 800000 EUR. The committee rejected the budget revenue section by 31 votes to 3, and the full National Assembly will deliberate on the basis of the government’s original text. The above amendments will not be included automatically; supporters must reintroduce them during the debate beginning October 13, with the formal vote scheduled for October 20. The measures have not yet become law. The stablecoin amendment was proposed by Nicolas Sansu, a member of the left-wing GDR group, together with 16 co-sponsors, and applies to electronic-money tokens defined by MiCA. The amendment does not set a new tax rate, but would bring the relevant gains under France’s existing 31.4%flat-tax regime. The committee also passed an amendment proposed by Daniel Labaronne allowing investors to carry crypto-asset losses forward for 10 years to offset future gains. The proposed exit tax would apply to taxpayers who have been French tax residents for at least 10 years during the past 6 years and whose total crypto-asset value, including custodial assets, exceeds 800000 EUR.

Key points

The French National Assembly Finance Committee passed two crypto tax amendments.
Proposed to treat, from January 1, 2027 onward, conversions of stablecoins regulated by MiCA as taxable sales.
Proposed to impose an exit tax on tax households relocating abroad whose total crypto-asset value exceeds 800000 EUR.
The stablecoin amendment would bring the relevant gains under France’s existing 31.4%flat-tax regime, without setting a new tax rate.
The committee passed an amendment allowing crypto-asset losses to be carried forward for 10 years to offset future gains.
The measures have not yet become law; supporters must reintroduce them during the debate beginning October 13, with the formal vote scheduled for October 20。

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

If ultimately passed, these amendments could require some stablecoin conversion gains and eligible taxpayers relocating abroad to pay tax; crypto-asset losses could be used to offset gains for the following 10 years. They still require review and a vote by the full National Assembly.

Why it matters to readers

The amendments could change how some French crypto-asset holders are taxed, but the ultimate impact depends on plenary review and the legal text.

“Have not yet become law” means these arrangements should not currently be treated as effective tax rules; subsequent attention should focus on the debate on October 13 and the vote on October 20.

Risks and unknowns

It is unclear whether the full National Assembly will reintroduce and pass these amendments.
It is unclear whether the final legal text will retain the provisions on taxable stablecoin sales, the exit tax, and loss carryforwards.
The final scope of the exit tax and the scope of taxable stablecoin sales remain unclear.

French National Assembly Finance Committee passes amendments on stablecoin conversion tax and crypto exit tax, pending plenary review

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