Belgian citizens expected to pay 33% tax on their gains

In March 2018, several investigations opened into cases of Belgian citizens who have traded on foreign exchanges. Anyone speculating on crypto markets is expected to pay 33% tax on their gains, despite the fact that bitcoin and the like are not regulated or legalized in the country.1

Parliamentary discussion on cryptocurrencies

The Belgian government (including its central bank and financial markets supervisor) has been warning several times for the risks related to investing in bitcoin and other cryptocurrencies.

• April 2017: the minister of justice announced that existing laws for criminal prosecution in the financial sector will also apply to cryptocurrencies. With this measure he aims to be at the forefront among European countries. They are furthermore working to advance its technologies to track down cryptocurrencies and expanding possibilities to confiscate cryptocurrencies.

Sources

• Belgian Tax Authority Going After Crypto Investors