France Delays 2027 Budget Vote After Lawmakers Reject Crypto Exit Taxes

The French National Assembly has delayed a planned vote on the revenue section of the country's 2027 state budget to continue legislative debates, according to an end-of-session notice issued following Monday's sitting ¹. Rather than holding the scheduled ballot, lawmakers will proceed with debates on Tuesday as 758 amendments remain pending ¹. The postponement marks the second delay for the revenue vote, which was originally deferred from an Oct. 20 target when more than 2,000 amendments remained unaddressed ¹.

Ahead of the procedural delay, the National Assembly rejected two separate amendments on Friday aimed at taxing unrealized crypto asset gains when French residents relocate abroad ¹. The initial measure, which aimed to integrate crypto assets into France's broader exit tax framework, failed by a vote of 27 in favor, 55 against, and one abstention ¹. A second measure sought to tax unrealized gains for households holding more than 800,000 euros ($897,000) in crypto assets if they moved their fiscal residency abroad after living in France for at least six of the previous 10 years ¹. Lawmakers rejected that proposal by a tally of 31 to 60 ¹.

Pending Crypto Measures and Legislative Timeline

Several digital asset provisions remain on the legislative docket ¹. Lawmakers are still slated to debate an amendment mandating disclosure of self-custodied holdings exceeding 100,000 euros ($112,000) evaluated at year-end, alongside an amendment proposing tax exemptions on crypto payments for goods and services up to 1,000 euros ($1,120) per tax year ¹. Previously, on Oct. 16, MPs advanced an amendment to tax gains incurred when converting crypto assets into fiat-pegged stablecoins, though that measure has not yet been enacted into law ¹.

The National Assembly faces a strict deadline of midnight on Nov. 17 to conclude its first-reading examination of the 2027 revenue package ¹. If members reject the revenue text, the executive branch's original draft budget will advance directly to the Senate, stripping out all parliamentary amendments adopted during the lower house proceedings ¹.