France rejects crypto exit-tax proposals in 2027 budget debate

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France’s National Assembly has rejected two proposals to tax unrealised cryptocurrency gains when taxpayers move their tax residence abroad. The votes took place on Friday as lawmakers continued examining the revenue section of the 2027 state budget.

The first proposal, rejected by 55 votes to 27, would have brought crypto assets under France’s existing exit-tax regime. A second measure, defeated by 60 votes to 31, sought to tax unrealised gains on household crypto holdings worth more than €800,000 when taxpayers moved abroad, provided they had been French tax residents for at least six of the previous 10 years.

Other crypto-related tax measures remain under consideration. These include requiring taxpayers to report self-custodied crypto holdings worth at least €100,000 and exempting crypto payments for goods and services from tax when their annual value stays below €1,000. Lawmakers have also approved a proposal to tax gains when crypto assets are converted into fiat-pegged stablecoins, though the measure has not become law.