//Cryptocurrency In France Considered 'Movable Property,' Traders Get Tax Break

Cryptocurrency In France Considered 'Movable Property,' Traders Get Tax Break



From 2014 until today, cryptocurrency gains have been classed as industrial and commercial profits (French abbreviation BIC) or as non-commercial profits (NBC), resulting in a capital gains tax of 45 percent for high earners in addition to the generalized social contribution (CSG) of 17.2 percent.

Source: Cryptocurrency In France Considered ‘Movable Property,’ Traders Get Tax Break