Tax implications

Does migration trigger a taxable event?

The migration is an administrative change of legal entity and does not constitute a taxable event. Your account balances, savings, and transaction history migrate as-is. Your ongoing tax obligations depend on which entity holds each product after migration.

Will my tax reporting (IFU) be affected?

Your annual tax reporting obligations remain unchanged. Revolut Bank S.A. will provide a single French tax statement (IFU) covering all eligible interest earned on your savings for the full tax year, and will report it directly to the French tax authorities.

Do I need to declare a new bank account?

Your account number, IBAN, and BIC will not change, so there is no new account to declare. Any existing account declaration remains valid.

Do I still need to declare a foreign account?

After migration, your main account is held by Revolut Bank S.A., a French credit institution licensed by the ACPR. It will no longer need to be declared as a foreign account (Form 3916 for accounts / 3916-bis for digital assets).

If you hold other Revolut products managed by non-French entities (e.g. securities, Flexible Cash Funds, and crypto), those remain located abroad and foreign account reporting (Form 3916/3916-bis) and Form 2047 continue to apply.

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