French Finance Committee’s crypto tax amendments die with the revenue section they rode in on

France’s National Assembly Finance Committee adopted three crypto tax amendments this week, then rejected the budget’s revenue section by 31 votes to 3 on Oct. 9, leaving the amendments out of the text that reaches the full Assembly.

The committee’s votes drew most of the attention because of what they would do if enacted. One amendment, filed by MP Nicolas Sansu of the GDR group with 16 co-signers, would make swaps of crypto into MiCA-regulated stablecoins taxable sales from Jan. 1, 2027, per the amendment as filed. Under current rules, tax in France is collected only when gains are sold for ordinary money or spent. A second amendment would extend the exit tax, which already covers shares held by households worth more than €800,000, to crypto for residents who were French taxpayers for at least six of the previous 10 years. A third, from MP Daniel Labaronne, would let investors carry realized crypto losses forward for 10 years, matching the treatment shares already receive.

None of it survived the committee’s own vote. By rejecting the revenue section, the committee discarded the text those amendments had been folded into, so the full Assembly debate that begins Tuesday, Oct. 13 starts from the government’s original bill. Backers would have to table the measures again for the floor to consider them, and neither measure is law.

The sequence matters for readers parsing coverage of the vote. Headlines stating that France has approved a stablecoin swap tax or an exit tax on crypto overstate the position: a committee adoption that no longer sits in the bill has no legal effect, and the swap tax would apply, if at all, only after it returns and passes both the Assembly and the Senate.

The measures fit a broader European tightening. EU DAC8 reporting obligations took effect Jan. 1, 2026, with the first exchanges of data due by September 2027, and Greece published a draft bill the same week proposing a 10% tax on individuals’ crypto capital gains. France’s flat tax on capital gains stands at 31.4% since the start of the year.

The Assembly has a formal vote on the finance bill scheduled for Oct. 20.