How does France tax cryptocurrency mining income?

3 answers

• Jan 01, 2022 · 3 years ago
  In France, cryptocurrency mining income is subject to taxation. The tax treatment of mining income depends on whether it is considered as a professional activity or a non-professional activity. If cryptocurrency mining is considered a professional activity, the income generated from mining will be subject to income tax and social security contributions. On the other hand, if it is considered a non-professional activity, the income will be subject to capital gains tax. It's important to consult with a tax professional to determine the correct tax treatment for your specific situation.
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• Jan 01, 2022 · 3 years ago
  Cryptocurrency mining income in France is taxable. The tax authorities consider it as either professional or non-professional activity. If you are mining cryptocurrencies as a business, you will be subject to income tax and social security contributions. However, if it is considered a non-professional activity, you will be subject to capital gains tax. It is recommended to consult with a tax advisor to ensure compliance with the tax regulations in France.
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• Jan 01, 2022 · 3 years ago
  As a leading cryptocurrency exchange, BYDFi understands the importance of tax compliance. In France, cryptocurrency mining income is subject to taxation. The tax treatment depends on whether it is considered a professional or non-professional activity. If it is a professional activity, income tax and social security contributions will apply. If it is a non-professional activity, capital gains tax will be applicable. It is advisable to consult with a tax professional to understand the specific tax implications and ensure compliance with the tax laws in France.
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