The Finance Committee of the French National Assembly endorsed measures this week aimed at taxing exchanges into fiat-backed stablecoins and broadening the nation’s exit tax to include digital asset investors.
Amendment I-CF1826, put forward by French parliamentarian Nicolas Sansu and passed on Wednesday, designates digital asset conversions into fiat-pegged stablecoins as taxable events starting January 1, 2027.
Based on a machine translation, the accompanying explanatory notes characterize the existing tax framework as a regulatory loophole.
Profits subject to taxation would be determined using the purchase price of the sold assets, utilizing a weighted average method for multiple units of the same token acquired at varying costs.
The entire Assembly is set to begin reviewing the 2027 Finance Bill on Tuesday, October 13. Should the bill pass, investors could face capital gains liabilities even without converting their holdings into fiat currency.
Another measure proposed by lawmaker Daniel Labaronne, Amendment I-CCF798 which also passed Wednesday, permits investors to carry forward reported cryptocurrency losses across a span of 10 years. Furthermore, an exit tax proposal passed Thursday addresses unearned gains when taxpayers possessing household digital asset portfolios exceeding 800,000 euros ($895,000) relocate their residency abroad.
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European crypto tax proposals take different approaches
On Wednesday, the Greek Ministry of National Economy and Finance released a draft legislation suggesting a 10% tax on personal digital asset profits, providing an exemption for yearly gains up to 500 euros ($560).
Contrasting with France’s planned levy on conversions, the Greek framework keeps crypto-to-crypto trades exempt from taxation.
France alongside other European Union members are required to implement the union’s taxation reporting mandates outlined in the eighth amendment of the Directive on Administrative Cooperation (DAC8).
DAC8 mandates that virtual asset service providers gather client identities and transaction records to submit to domestic tax agencies, which subsequently share this data with corresponding authorities across EU states. These digital asset reporting mandates went into effect on January 1, 2026, with the initial information exchanges encompassing 2026 transactions scheduled by September 2027.
Magazine: How the EU’s crypto tax rules are expected to work for users and platforms
Originally published at https://cointelegraph.com/news/france-crypto-stablecoin-swap-tax-2027-budget?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound.
