Taxation of individuals' capital gains on the sale of digital assets at a flat 12.8% rate

Article 41 of the 2019 Finance Act creates a specific tax regime for capital gains made occasionally by individuals on the sale of digital assets (Art. 150 VH bis and 200 C of the General Tax Code): taxation at a flat 12.8% rate, plus social levies, on the gain calculated across the whole portfolio. Sales with a total annual amount not exceeding €305 are exempt, and exchanges between digital assets are not taxable. The text also creates an obligation to report digital-asset accounts held abroad (Art. 1649 bis C), with a fine of €750 per unreported account (€1,500 above €50,000).