#France Slashes Cryptocurrency Tax Rate from 45% to a Flat 19%

in #cryptocurrency • 6 years ago

France has more than halved its cryptocurrency income tax rate on capital gains, incentivizing citizens to invest and even take some profits in the market.

paris-paymium-704x500.jpg
Featured image from Shutterstock.

The revision couldn’t come at a better time for cryptocurrency investors, with bitcoin trading comfortably above $9,000 and the other top 10 coins also in the green today.

Screenshot_1.jpg
Source: Coin Market Cap

France’s highest court for administration, the Council of State, determined that cryptocurrency profits are considered “moveable property” and therefore subject to a lower tax rate than had previously been imposed, rewriting rules that had been in place since 2014...Click here to know the details story

AUTHOR

Gerelyn Terzo

Please visit my blog: @nixon73

#france #slashes #flat #taxrate
6 years ago in #cryptocurrency by
$0.30
  • Past Payouts $0.30, 0.00 TRX
  • - Author $0.30, 0.00 TRX
  • - Curators $0.00, 0.00 TRX
3 votes
Reply 0

Coin Marketplace

STEEM 0.19
TRX 0.12
JST 0.027
BTC 60185.13
ETH 3290.40
USDT 1.00
SBD 2.44