France: Crypto Is Similar A Shot ‘Moveable Property’, Taxation Downwards From 45 To Xix Percent

Le jour de gloire est arrivé!  
Or something.
 
From CoinTelegraph:

France’s Conseil d’Etat (Council of State) has changed the taxation charge per unit of measurement on cryptocurrency sales to a apartment charge per unit of measurement of xix percent, rather than upwards to 45 pct similar before, local intelligence outlet, Le Monde reported Thursday, Apr 26.

The Council of State said that the taxation modify comes from a novel classification of Bitcoin (BTC) divide from commercial or non-commercial activity:

“The sale of ‘bitcoins’ [fell under] the regulation from the category of majuscule gains of movable property.”

The exceptions to the apartment charge per unit of measurement are earnings from crypto mining, which volition move taxed every bit non-commercial profits, in addition to income every bit a effect of professional person activity, which volition move taxed every bit industrial in addition to commercial profits.

Le Monde noted that the determination to modify the crypto taxation charge per unit of measurement came later citizens appealed to France’s highest regulatory torso before this yr to modify the regulations for crypto transactions that had been inwards house since July 2014....MORE