#Binancefrance Hello! You would like information on declaring your cryptocurrency income in France for the 2024 tax year (declaration in 2025), including transactions made on platforms like Revolut.
Here are the key points regarding cryptocurrency taxation in France for individuals and how to declare your results, including those from various platforms:
* General Principle: The Flat Tax (PFU)
* Capital gains made when selling your digital assets (sale for a legal tender such as the euro or the dollar, or exchange for a good or service) are taxable.
* Since 2023 (for the 2024 declaration and therefore applicable in 2025 for 2024 income), crypto-to-crypto exchanges are also taxable if the total amount of your digital asset sales in the year exceeds €305. If the total sales are less than €305, the capital gain is exempt.
* The tax rate is the Single Flat-Rate Deduction (PFU) of 30% (12.8% income tax + 17.2% social security contributions).
* Calculation of the Overall Capital Gain or Loss
* You must calculate an overall capital gain or loss for all of your sales made in 2024, regardless of the digital asset sold (Bitcoin, Ether, etc.) and regardless of the platform used (including Revolut).
* The calculation formula is as follows:
Capital gain or loss = Total sale price - Total acquisition price * (Total capital invested / Total value of the portfolio at the time of sale)
* This formula requires precise tracking of all your transactions (purchases, sales, exchanges) since you have held cryptocurrencies.
* Forms to Use for the 2025 Declaration (2024 Income)
* Form 2086 (Declaration of unrealized or realized capital gains or losses on digital assets): This form is essential for calculating your overall taxable capital gain or loss for 2024. You must detail some of your transactions, the acquisition price of your portfolio, its value at the time of disposals, etc. The result (the overall capital gain or loss) will be reported on your main declaration. This form is available online when filing your declaration at impots.gouv.fr.
* Form 2042 C (Supplemental Income Tax Return): This is the form on which you will report the amount of the overall capital gain (or loss) calculated on Form 2086. There is a specific section for capital gains on the sale of digital assets.
* Form 3916 / 3916-BIS (Declaration of foreign accounts):
* You are required to report all digital asset accounts held abroad (platforms not registered in France with the AMF as PSAN) or held with entities established abroad (as often Revolut, even if some of their activities may be registered, the account may be domiciled outside France).
* This obligation applies even if you have not made any capital gains and even if the account has a zero balance.
* For each account held, you must provide the requested information (nature of the account, name of the organization, address of the organization, account number, characteristics, opening/closing date if applicable).
* Failure to declare a foreign account is punishable by a significant fine (€1,500 per undeclared account, up to €10,000 for non-cooperative states).
* Specific Case of Revolut and Other Foreign Platforms
* Revolut Account Declaration: If your Revolut account (used for crypto or even just as a current account) is domiciled abroad, you must declare it via form 3916/3916-BIS. It is prudent to check Revolut's terms and conditions or contact them to find out the exact domicile of your account.
* Revolut Profit/Loss Reporting: Capital gains or losses made by selling cryptocurrencies on Revolut must be included in your overall calculation on Form 2086, just like transactions made on Binance, Coinbase, Kraken, etc. You must therefore retrieve your transaction history on Revolut (purchases, sales, exchanges) to be able to make this calculation.
* Get your transaction history
* Most platforms like Revolut allow you to download your complete transaction history. This is essential for correctly completing Form 2086.
* Third-party tools (crypto tax calculator software or platforms) can help you aggregate your transactions from different platforms and automatically calculate your overall capital gain and generate a report that makes it easier to complete the 2086.
In summary for your 2025 declaration (2024 income):
* Report all your digital asset accounts held abroad (potentially including Revolut) via form 3916/3916-BIS.
* Calculate your overall capital gain or loss on disposal for the year 2024 on ALL your platforms (including Revolut) using form 2086.
* Report the result of form 2086 to form 2042 C.
Reporting cryptocurrencies can be complex due to the calculation of overall capital gains. It is crucial to keep an accurate record of all your transactions.
Don't hesitate to consult the official website impots.gouv.fr or contact the tax authorities if you have any specific questions about your situation. For complex cases, consulting a tax expert specializing in cryptocurrencies may be helpful.
This is general information and does not constitute personalized tax advice.
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