France’s National Assembly has postponed its vote on the revenue section of the 2027 budget for a second time, with 758 amendments still pending and a November 17 deadline for the first reading approaching. The delay came after lawmakers had already rejected two proposed amendments that would have extended the country’s exit tax to unrealized cryptocurrency gains for investors moving abroad.
Amendment I-3904, introduced by Nicolas Sansu, was defeated on October 30 by 27 votes in favor, 55 against and one abstention. It would have added eligible crypto assets held directly, through exchanges or in self-custody wallets to France’s existing exit-tax framework for taxpayers relocating from January 1, 2027. Amendment I-3432, submitted by Mickaël Bouloux, was rejected by 60 votes to 31. That measure would have applied to unrealized gains on household cryptocurrency holdings above €800,000, roughly $897,000, for investors who had been French tax residents for at least six of the previous ten years.
Other crypto tax measures remain under discussion. One proposal would require individuals holding at least €100,000, about $112,000, in self-custodied cryptocurrencies to report those assets to tax authorities, with penalties of up to €10,000 for non-compliance. Another would exempt crypto payments for goods and services from capital gains tax when total qualifying payments do not exceed €1,000 per year. Lawmakers have also previously approved amendment 3898 by a narrow 38-37 vote, which would end the current tax deferral for certain conversions from cryptocurrencies into fiat-pegged stablecoins. That measure is not yet law and remains subject to the full legislative process.
Prime Minister Sébastien Lecornu’s government has faced resistance across the political spectrum. The Assembly originally scheduled a formal vote on the complete budget for November 17, while the constitutional deadline for the wider budget process is December 17. A source close to the minister responsible for parliamentary relations told Le Monde that the government’s objective remains reducing the public deficit to 5% of GDP. For now, the rejected exit-tax amendments are out of the Assembly’s current text, but the broader crypto tax debate in France is still alive.
