France’s National Assembly will continue debating the revenue section of the 2027 state budget on Tuesday rather than hold a planned vote. The Assembly’s agenda lists 758 amendments still to be examined, alongside questions to the government.
The vote has now been delayed twice. The original vote, scheduled for Oct. 20, was postponed while more than 2,000 amendments remained under debate, according to Le Monde. The Assembly has until midnight on Nov. 17 to complete its first-reading examination. If lawmakers reject the revenue section, the government’s original budget proposal will go to the Senate without amendments adopted by MPs.
On Friday, lawmakers rejected two proposals that would have taxed unrealized crypto gains when taxpayers transferred their tax residence abroad. The first, which sought to bring crypto assets within France’s existing exit-tax regime, received 27 votes in favor, 55 against and one abstention, according to the Assembly’s voting record.
A separate proposal would have applied tax to unrealized gains on household crypto holdings worth more than 800,000 euros when taxpayers moved their tax residence abroad, provided they had been French tax residents for at least six of the previous 10 years. It was rejected by 60 votes to 31.
Other crypto-related measures remain to be debated. One would require taxpayers to report self-custodied crypto holdings worth at least 100,000 euros in total, based on their value at year-end. Another would exempt gains from crypto payments for goods and services if the payments totaled no more than 1,000 euros during the tax year.
Lawmakers approved a proposal on Oct. 16 to tax gains when crypto assets are converted into fiat-pegged stablecoins. The measure has not become law.
Sources: Cointelegraph.