Deputies in France’s National Assembly failed to hold the scheduled solemn vote on the revenue section of the 2027 state budget on Tuesday, 3 November, marking the second such delay.
The examination of the first part of the finance bill, which sets taxes and other revenues, continued instead because 758 amendments remained pending as of midnight on 2 November, according to parliamentary channel LCP and the Assembly’s agenda.
The Conference of Presidents reserved the remainder of the week—through Friday, 6 November—for further debate on the revenue measures, with the formal vote to take place once the last amendment has been considered.
No precise date or time for that vote has yet been fixed.
This follows an earlier postponement of the original 20 October deadline, which was shifted for the same reason of an unfinished amendment backlog.
Under the Constitution, the Assembly has forty days for its first-reading examination of the full budget, leaving a hard deadline of midnight on 17 November.
The overall vote on the complete text remains scheduled for that date.
Should the revenue section ultimately be rejected, the government’s original proposal would proceed to the Senate without the amendments adopted in the chamber, wiping out changes made during the current session.
The time consumed by the revenue debate has already compressed the subsequent examination of expenditure missions, with several planned discussions on culture, agriculture, housing and other areas losing their dates.
In the course of the revenue examination, lawmakers rejected two proposals that would have extended exit taxation to cryptocurrency holdings.
On 30 October, the first amendment, which sought to bring crypto assets within the existing exit-tax rules applicable to securities, was defeated by 55 votes to 27.
A second amendment, proposing a dedicated regime for unrealized gains on household crypto portfolios exceeding 800,000 euros, was rejected by 60 votes to 31.
Both measures would have targeted individuals who had been French tax residents for at least six of the previous ten years and then transferred their tax residence abroad.
The rejections were recorded in the Assembly’s official scrutins.
Crypto assets therefore remain outside the exit-tax framework for now, although the broader restoration of the pre-2019 fifteen-year holding period for the existing exit tax on securities was adopted the same day by a narrow margin, with heavy abstentions from the Rassemblement National group.
Other digital asset proposals continue to be debated or have already been voted in session.
One amendment adopted on 16 October would end the tax deferral on conversions of crypto assets into certain fiat-pegged stablecoins compliant with European rules, making such exchanges taxable from 1 January 2027 at the standard flat rate.
Additional ideas under consideration include year-end reporting obligations for self-custodied wallets above a combined value of 100,000 euros and limited exemptions for gains on crypto used to pay for goods and services below a low annual threshold.
None of these measures is final; all remain subject to the forthcoming solemn vote on the revenue section, subsequent Senate review, and possible government use of special procedures.
The repeated delays highlight the difficulty of reconciling a large volume of amendments with the fixed constitutional calendar.
With the 17 November deadline approaching, the outcome for both the overall revenue package and the remaining crypto-related provisions will depend on whether deputies clear the outstanding amendments or reject the section outright.
For holders of digital assets, the rejection of the two exit-tax extensions removes one potential charge on paper gains for those leaving France, while other reporting and conversion rules stay in play pending the final shape of the finance bill.
