The applicable taxation on the gains resulting from your crypto-assets investments depends on the local rules of the country where you are a tax resident.
Withdrawing money leads to converting your digital assets held in your wallet into euros.
In 🇫🇷 France, this may trigger taxation, in the event of a capital gain resulting from this conversion. The applicable tax rate will be 30% (flat tax) on the amount of the capital gain earned if it exceeds a sum of 305 euros.
If you want to know more visit the french tax administration website: visit the french tax administration website ↗
If you are a 🇫🇷 French tax resident, we will help you with the declaration of your CryptoSimple income to the French tax authorities, in order to determine the amount that will eventually be subject to the “flat tax”.
If you are a foreign tax resident, we will provide you with all the necessary documents to file your income tax return with the tax authorities of your country of residence.