Bitcoin and other cryptocurrencies are not exempt from tax: since 2018, they must indeed appear in income tax returns made to the State.
Europe 1 takes stock of what you need to know to avoid mistakes.
DECRYPTION
If you are a holder of Bitcoin or other cryptocurrencies, do not forget to declare them for tax.
There are only a few weeks left before returning your 2021 tax return and these new currencies must be included, as has been the rule since 2018 for this market which represents more than 1.6 trillion euros worldwide.
A few mistakes should be avoided: the use of a specific form is necessary and the calculation of the amount to be declared must follow a precise rule.
Europe 1 takes stock.
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A tax of 30% on the capital gain
First thing to know, do not declare the amount of cryptocurrency owned, even if the quantity is large.
It is only the realized gains that must appear on the return.
"The generating event of the tax will be to convert a cryptocurrency against a monetary currency, euro or dollar, or to buy a real good or service, ie to pay with cryptocurrencies", details Pierre Morizot, founder of the Waltio cryptocurrency tax software.
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Once this calculation has been made, the amount obtained must then be reported on the overall declaration, under the mention "capital gains or losses on digital assets". This document must be accompanied by a special form, 2086, to be completed at the same time as the income tax return. The capital gain is then subject to a global tax of 30% by the State.