France has changed the way in which it treats profits from cryptocurrencies , leading to a reduction in tax rates . Gains from cryptocurrencies were previously considered commercial and industrial profits for continuous activity , and non - commercial profits for occasional activity , by the High Administrative Court of France , resulting in taxes of up to 45 % . However , the Council of taxation has partially sided with claimants who challenged this view . As a result , cryptocurrency profits are now deemed as movable property , resulting in a 19 % flat rate of tax payable .
France has altered the way in which it treats profits from cryptocurrencies, leading to a reduction in tax rates. Gains from cryptocurrencies were previously considered commercial and industrial profits for continuous activity, and non-commercial profits for occasional activity, by the High Administrative Court of France, resulting in taxes of up to 45%. However, the Council of State has partially sided with claimants who challenged this view. As a result, cryptocurrency profits are now deemed as movable property, resulting in a 19% flat rate of tax payable.