France postpones 2027 budget vote as crypto exit-tax proposals rejected
The National Assembly delayed the revenue‑section vote to Tuesday and voted down two measures to tax unrealised crypto gains on expatriation, while a stablecoin‑swap levy remains in the provisional budget.
Key takeaways
- 1The vote on the revenue section was postponed on 3 November 2026
- 2Exit‑tax proposal 1 lost 27‑55‑1; proposal 2 lost 31‑60, per official record
- 3€800,000 threshold (~$897,000) was set for the rejected exit‑tax measure
- 4758 amendments remain pending before the 17 November deadline
On 3 November 2026 the French National Assembly postponed the vote on the revenue section of the 2027 state budget to the following Tuesday, and rejected two proposals to levy an exit tax on unrealised crypto gains when taxpayers move abroad, according to the Assembly’s official record.
Lawmakers rejected the first exit‑tax proposal by 27 votes to 55, with one abstention. The second proposal, which would have taxed unrealised gains on crypto holdings above €800,000 when the taxpayer had been resident for six of the previous ten years, was defeated 31‑60, Cointelegraph reported.
Other crypto‑related measures remain under debate. A draft requiring owners of self‑custodied crypto worth at least €100,000 to report holdings to tax authorities is still pending, as is a proposal to exempt crypto payments under €1,000 per year from tax. The Assembly approved on 16 October a tax on gains when crypto is converted into fiat‑pegged stablecoins, but the measure has not yet become law, The Defiant noted.
France’s existing exit‑tax regime applies to high‑value assets held by departing residents; extending it to crypto would have meant a tax on unrealised gains at the point of emigration. Its defeat leaves the current regime unchanged for crypto owners.
The Defiant said the stablecoin‑swap tax remains in the provisional budget text, meaning the measure could still be enacted in a later reading. Cointelegraph added that the Assembly has 758 amendments still to examine before the midnight deadline on 17 November for the first‑reading stage.
If the revenue section is rejected, the government’s original budget proposal will move to the Senate without the amendments adopted by MPs, according to the Assembly’s end‑of‑session notice. The Senate could still amend or approve the crypto provisions before the budget is finalised.
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