France Proposes €800,000 Crypto Exit Tax, Measures Face Uncertain Path After Budget Rejection

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 amendment record 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.

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.

What the Committee Adopted

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.