The French Council of state in response to the appeal of citizens changed the principle of the approach to the taxation of cryptocurrency transactions, separating commercial and non-commercial activities with them.

Now the tax on a non-commercial transaction is charged to “capital gains from movable property,” that is, in 19% of revenue, in addition to social security contributions (CGS), which comprise 17.2%.

2014 naloga service, I worked in the crypto sphere with the concept of “profits from commercial activities”, which meant the amount of tax to 45%, excluding CGS. This approach further has been reserved for commercial activities associated with cryptocurrencies, including their mining and professional trading.

Recall that last month the Minister of economy of France Bruno Le Mer (Bruno Le Maire) announced the intention of the government to start regulating the activities of companies that raise funds for ICO, and promote the development of new FINTECH startups.