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<img width="1920" height="1080" src="https://blockchainreporter.net/wp-content/uploads/2025/03/paris-france.webp" alt="paris-france main" style="float: right; margin-left: 5px;" title="France Backs €800,000 Crypto Exit Tax — What Changes After the Budget Rejection? 20">
<p>France’s National Assembly finance committee adopted two crypto tax amendments this week, then voted down the budget section they were attached to — leaving their path into law unsettled. The committee backed a new exit tax on crypto holdings above €800,000 and an end to the tax deferral on crypto-to-stablecoin conversions, according to the <a href="https://www.assemblee-nationale.fr/dyn/17/amendements/3210A/CION_FIN/CF1822" rel="noopener noreferrer nofollow">amendment record</a> published by the Assemblée nationale. On October 9, the same committee rejected the revenue portion of the 2027 finance bill, so the measures now have to be reintroduced when the full chamber debates the budget from October 13.</p>
<p>The exit tax amendment, I-CF1822, was filed by lawmaker Nicolas Sansu and adopted on October 8. It would extend France’s existing departure tax — which today applies to securities and shares — to crypto-assets whenever a taxpayer’s total crypto holdings exceed €800,000 at the moment they move their tax residence abroad. The tax would fall on unrealized gains, using the same threshold and mechanics already applied to traditional financial assets, and would take effect for transfers from January 1, 2027.</p>
<h2 id="what-the-committee-adopted">What the Committee Adopted</h2>
<p>A second Sansu amendment, I-CF1826, was adopted on October 7. It would remove the deferral that currently lets investors convert crypto into fiat-backed stablecoins without triggering a taxable event, treating those swaps as sales from January 1, 2027. The committee also approved a separate measure from Daniel Labaronne that would let investors carry forward losses from digital-asset sales for up to 10 years.</p>
<p>Taken together, the amendments are meant to close what French lawmakers describe as a gap between crypto and other financial assets. The exit tax’s own summary text argues that a taxpayer leaving France with several million euros in crypto currently escapes taxation on unrealized gains that a holder of securities of equal value would owe.</p>
<h2 id="why-the-budget-rejection-changes-the-path">Why the Budget Rejection Changes the Path</h2>
<p>On October 9, the finance committee rejected the first — revenue — part of the 2027 budget. Under French procedure, when a committee rejects a bill’s section, the floor debate proceeds from the government’s original text rather than the committee’s amended version, so the adopted crypto measures would have to be tabled again as amendments during the debate that opens October 13.</p>
<p>For high-net-worth crypto holders, the practical question is whether the exit tax survives that process. The proposal remains a committee action rather than enacted law, and its adoption by the full chamber is not assured.</p>
<h2 id="what-to-watch-next">What to Watch Next</h2>
<p>The floor debate beginning October 13 is the next decision point, and the measures’ backers would need to re-file them to keep them alive. The move also lands as other European governments tighten crypto taxation: <a href="https://blockchainreporter.net/greece-10-percent-crypto-capital-gains-tax/" rel="noopener noreferrer nofollow">Greece this week moved to tax crypto gains at 10%</a>, and <a href="https://blockchainreporter.net/netherlands-plans-to-tax-crypto-investors-over-unrealized-btc-gains/" rel="noopener noreferrer nofollow">the Netherlands plans to tax unrealized Bitcoin gains</a>. If France’s measures survive the budget process, wealthy holders planning to relocate would face a new exit-tax liability from the start of 2027.</p>

France Backs €800,000 Crypto Exit Tax — What Changes After the Budget Rejection?

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