1 rue Louis GASSIN - 06300 NICE +33 (0) 4 93 83 08 76

Legal news

Declarative obligations regarding Bitcoin and other digital assets are specified

Posted on August 9, 2019

In accordance with decree 2019-656 of 06/27/2019

 

Since January 1st, 2019, a flat-rate tax has been imposed on capital gains realized by private individuals during the occasional sale of digital assets, particularly cryptocurrencies (Law 2018-1317 of 28-12-2018, art 41).

 

The decree of June 27th, 2019 clarifies the declarative obligations incumbent, on the one hand, on taxpayers transferring (selling) digital assets and, on the other hand, on individuals, associations and companies without a commercial form domiciled or established in France that are holders of digital asset accounts opened, detained, used or closed abroad.

 

Regarding this second point, the decree states in particular that a person, association or company is deemed to detain a digital asset account abroad when he/she/it is the holder, co-holder, economic beneficiary or beneficial owner of such account.

 

A person is considered to be using a digital asset account if she has made at least one credit or debit transaction for a calendar or tax year, either as an account holder or by proxy, for her personal purposes or for a resident person.

The decree came into force on June 29th, 2019, except for the provisions relating to accounts opened, held, used or closed abroad that apply to declarations filed from January 1st, 2020.

 

Declarative obligations regarding Bitcoin and other digital assets are specified.docx

Ces articles peuvent vous intéresser

CONTROL OF THE DETERMINATION OF THE ENFORCEABILITY OF A FOREIGN DECISION
Posted on October 12, 2022

CONTROL OF THE DETERMINATION OF THE ENFORCEABILITY OF A FOREIGN DECISION

Real estate capital gain: calculation and exemptions
Posted on October 11, 2022

Real estate capital gain: calculation and exemptions

Open a UK bank account
Posted on October 11, 2022

Open a UK bank account

See all news
Musée National Eugène Delacroix
Yellowstone Association
Turtle conservancy
Les amis du musée