This cryptocurrency capital gains tax simulator allows you to quickly and easily estimate the amount to be paid to the tax authorities. Thanks to this tool, you will be able to calculate the amount of tax you will have to pay on the profits made with your investments in cryptos.
Cryptocurrency tax calculator
With our cryptocurrency tax calculator, you can easily estimate the amount of tax you will have to pay on your crypto capital gains according to the tax laws in force in France.
The result obtained should not be considered as valid proof to be provided to the tax authorities.
If you want to accurately calculate the taxes you need to pay on your cryptocurrency capital gains, Waltio Tax Wizard offers a turnkey solution.
Your informations
- Set the amount of your initial investment in cryptos in the field “ Your investment »
- THE current amount of your crypto wallet in the field “ Current value »
- If you want to sell all of your cryptos, tick “Total sale”. If it is only a part of your cryptos, tick “Partial sale” and indicate the amount of your sale
💡 The tool that simplifies the declaration of your cryptocurrencies
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Frequently asked questions about crypto taxes in France
What is the tax rate (flat tax) on capital gains in crypto-currencies in France?
The profits generated by the sale of your cryptocurrencies are subject to a single flat tax, called flat tax. This overall tax rate on cryptocurrency gains is 30%.including 12.8% for income tax and 17.8% for social contributions.
When do you have to pay tax on your capital gains in cryptocurrencies?
Only transfers of cryptocurrencies against a currency having a legal tender, a service or a good are taxable. For example, a sale of 0.1 BTC against euros or dollars is taxable. This is generally referred to as a “crypto-fiat” transaction.
Exchanges of cryptocurrencies between them are not taxable. For example, exchanging BTC for USDT is not considered a taxable transaction in France. In this case, we speak of a “crypto-crypto” transaction.
The overall capital gain realized in the year is taxable if the total of the taxable disposals is greater than 305 euros. You can use our crypto capital gain calculator to find out if the total of your transfers is less or more than 305 euros.
When should you declare your capital gains in cryptos?
The 2022 tax reporting period will begin on April 13, 2023 for reporting via the Internet. The deadline varies according to the department of residence:
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- May 22, 2023 : deadline for filing the tax return, in paper format;
- May 25, 2023 : deadline for online income declaration in zone 1 (departments 01 to 19 and foreign residents);
- June 1, 2023 : deadline for online income declaration in zone 2 (departments 20 to 54);
- June 8, 2023 : deadline for online income declaration in zone 3 (department 55 to 976).
What are the consequences for investors who do not comply with cryptocurrency tax rules?
Tax evasion is an offense punishable by heavy penalties, including in the field of cryptocurrencies. In the event of non-compliance, the fines can be very high. In fact, in the event of a tax adjustment, the fine may be increased up to 80% of the initial amount.
💡 The tool that simplifies the declaration of your cryptocurrencies
10% off with code Cryptoast 🔥
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Editor-in-chief of Cryptoast, I discovered Bitcoin and blockchain technology in 2017. Since then, I have been striving to share quality content so that the sector becomes more democratic for everyone.
Clement Wardzala
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