France: National Assembly adopted Amendment No. I-3379 to Finance Bill for 2026 including taxation of digital assets

On 31 October 2025, the National Assembly adopted Amendment No. I-3379 to the Finance Bill for 2026 (No. 1906), modifying the legal basis of the Real Estate Wealth Tax (IFI) by creating a “Tax on Unproductive Wealth” and expanding the taxable asset categories to include digital assets as defined in Article L. 54-10-1 of the Monetary and Financial Code. The amendment introduces a EUR 2 million net-asset threshold and applies a single 1% rate to the portion exceeding that threshold, replacing the current EUR 1.3 million threshold and progressive scale. The amendment classifies digital assets as unproductive wealth alongside other non-productive items such as life-insurance funds not allocated to productive investment and tangible movable property, thereby integrating crypto-asset holdings into the wealth tax regime. Revenue effects are compensated through an additional excise duty on tobacco under the Code of Taxation on Goods and Services.