Original sourceBloomberg Tax
Summary
The French Senate advanced Bill No. 921 on July 27, aiming to ratify two international tax information exchange agreements: the MCAA-CARF (Multilateral Competent Authority Agreement on Crypto-Asset Reporting Framework) and the CRS supplement (Common Reporting Standard). Both agreements were signed…
Key points
- This bill strengthens crypto asset tax transparency, affecting platforms and investors operating in or related to France.
- The expansion of global tax information exchange standards increases crypto tax transparency and compliance requirements.
- Crypto holders and service providers must prepare to report relevant information to French tax authorities, potentially raising compliance costs.
Editorial note
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