France’s National Assembly postponed a planned vote on the revenue section of the 2027 state budget for a second time, extending debate as lawmakers approach the Nov. 17 deadline for completing the bill’s first reading.
The chamber’s next session was set to continue examining the revenue section instead of holding the scheduled vote. The agenda included questions to the government and 758 amendments still awaiting consideration. The first vote had already been delayed from Oct. 20, when more than 2,000 amendments remained under debate.
The procedural delay coincided with the rejection of two proposals targeting unrealized cryptocurrency gains held by people who move their tax residence abroad. The first amendment would have included crypto assets in France’s existing exit-tax regime. It failed by 27 votes to 55, with one abstention.
A separate amendment would have applied the tax to unrealized gains on household crypto holdings worth more than 800,000 euros when the owner transferred their tax residence outside France. It covered people who had been French tax residents for at least six of the preceding 10 years and was rejected by 31 votes to 60.
The official debate record shows lawmakers discussed whether crypto assets should be treated like other property under the exit-tax framework. The rejected measures therefore do not impose the proposed charges, while the broader revenue section remains unresolved.
One proposal would require reporting self-custodied crypto holdings with a combined value of at least 100,000 euros, calculated at year-end. Another would exempt gains on crypto payments for goods and services when the total value of those payments did not exceed 1,000 euros during the tax year.
The measure would treat certain crypto-to-stablecoin conversions as taxable disposals, but it had not become law and remained dependent on the rest of the budget process. If the Assembly rejects the revenue section, the government’s original proposal will go to the Senate without amendments adopted by the chamber.