France 2027 Budget Finance Committee passes three crypto tax amendments; final legislation remains subject to review
BIBIBI
AT A GLANCE
France 2027 Budget has seen three crypto amendments adopted, but they have not yet become law.
Article
[France 2027 Budget: Ten Crypto Amendments Emerge, Stablecoin Taxation and Wallet Reporting on the Agenda]
France 2027 Finance Bill was October 1 submitted to the National Assembly, and the Finance Committee has successively voted on ten cryptocurrency amendments since October 7. As of October 8, three have been adopted: stablecoin swaps will be treated as taxable events (from January 1, 2027), crypto assets exceeding 800000 EUR will be subject to exit tax, and crypto losses may be carried forward for years; a proposal to extend the wealth tax to crypto assets was rejected; a tax-cut amendment submitted by Paul Midy was ruled invalid outright for violating Article 40 of the Constitution (which prohibits reductions in public revenue). In addition, the EU DAC8 Directive has required platforms to collect user identity and transaction data since January 1, 2026 and will make its first report to tax authorities by June 15, 2027 without requiring a parliamentary vote. Another proposal would require the reporting of self-custodied wallets valued at more than 100000 EUR, with fines of up to 10000 EUR for non-compliance. These amendments do not yet have legal force. The plenary session will consider them on October 13 to 19, with the final vote scheduled for November 17。
Key points
01
France 2027 Finance Bill was October 1 submitted to the National Assembly.
02
The Finance Committee has voted on ten cryptocurrency amendments since October 7.
03
As of October 8, three amendments have been adopted: stablecoin swaps will be treated as taxable events from January 1, 2027, crypto assets exceeding 800000 EUR will be subject to exit tax, and crypto losses may be carried forward for years.
04
A proposal to extend the wealth tax to crypto assets was rejected.
05
A tax-cut amendment submitted by Paul Midy was ruled invalid for violating Article 40 of the Constitution.
06
The EU DAC8 Directive has required platforms to collect user identity and transaction data since January 1, 2026 and is scheduled to make its first report to tax authorities by June 15, 2027.
07
Another proposal would require the reporting of self-custodied wallets valued at more than 100000 EUR, with a maximum fine of 10000 EUR。
08
The relevant amendments do not yet have legal force. The plenary session will consider them on October 13 to 19, with the final vote scheduled for November 17。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
France is considering a set of budget amendments involving crypto asset taxation and reporting. Some provisions have been voted on by the Finance Committee but must still undergo subsequent parliamentary procedures; reporting for self-custodied wallets remains only a proposal.
Why it matters to readers
If the relevant provisions ultimately take effect, stablecoin swaps, crypto asset holdings, and self-custodied wallets may face additional tax or reporting requirements.
People who hold or trade crypto assets need to distinguish between “passed by the committee” and “formally becoming law,” and monitor subsequent deliberations and the final vote.
Risks and unknowns
The material comes from only a single Telegram channel, and the information requires further verification.
The three adopted amendments do not yet have legal force, and the final text may be rejected or amended.
It remains uncertain whether the self-custodied wallet reporting proposal will pass, and whether the reporting threshold and penalties will change.
DAC8 The material provides no further details on the specific implementation of the first report to tax authorities.
Related Developments
Loading event timeline…
Related concepts
Stablecoin
An asset that seeks to track a reference value and is subject to risks including depegging, reserves, and redemption.
