What taxation for bitcoins?
The taxation applicable to the sale of cryptocurrencies such as bitcoins depends on the frequency of the transactions you carry out during the year and their amount. Depending on the case, your winnings are tax exempt, taxed at a flat rate or subject to the progressive scale of tax.
Cryptocurrencies are virtual currencies, without physical support, which are exchanged only on the Internet. Bitcoin, ether, litecoin, dogecoin... Today there are more than 2,500, marketed by specialized trading platforms (Coinbase, Binance, Gocoin...). Usable as a means of payment with professionals who accept them, they are also a speculative investment that is attracting more and more individuals, attracted by the potential gains they can generate. A high risk investment however, as their value is extremely volatile. The price of bitcoin, for example, has plunged by 40% over the past month: it was worth more than €53,000 on April 13 and less than €30,000 on May 19. In addition, scams are legion, as are computer attacks, because unlike official currencies like the euro or the dollar, cryptocurrencies are not based on a system regulated by central banks.
Taxation of occasional gains
Specificity of digital currencies, you can resell them and realize a capital gain if their price has increased since you acquired them. You also realize a capital gain if you use them to buy goods or services whose value is higher than the purchase price of the cryptocurrencies disbursed. In both cases, your earnings are subject to the single flat-rate levy (PFU) of 30%, which includes 12.8% tax and 17.2% social security contributions. But contrary to what is allowed for your capital gains, you cannot waive the 12.8% tax and opt for the application of the progressive tax scale.
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— finley (cowboy era) Wed Jan 13 01:22:21 +0000 2021