France postpones 2027 budget vote, crypto exit-tax proposals scrapped

The French National Assembly has postponed the vote on the 2027 budget’s revenue section for the second time, with the first-reading examination deadline of Nov. 17 also approaching. The Assembly will continue debating the revenue section on Tuesday, with 758 amendments still pending examination. Additionally, two proposals to apply exit taxes to unrealized crypto gains when taxpayers transfer their tax residence abroad were rejected by the National Assembly on Friday, with 27 votes in favor, 55 against, and one abstention for the first proposal, and 31 votes in favor, 60 against for the second proposal.

Other crypto-related proposals await debate, including a requirement to report self-custodied crypto holdings worth a combined value of at least 100,000 euros to tax authorities and a proposal to exempt gains on crypto payments for goods and services from tax if the total value of those payments doesn’t exceed 1,000 euros during the tax year.

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