Hello π,
The tax regime for cryptos is not clearly defined in Belgium and is aligned with existing tax regimes. The issue of staking, farming, play-to-earn gains is unclear. Waltio adopts the prudent solution and offers you here the majority legal interpretation of Belgian law.
Passive income are received as a result of staking, farming, cashback, CFD or play-to-earn operations, can be considered as capital income.
Capital income is a different tax category from capital gains (miscellaneous income), so it's important to declare these two categories of income separately.
Capital Income is taxed at 30%.
βοΈ This tax system applies to everyone! Regardless of whether you have a "good father" profile and regardless of the amount of your gains or losses.
Here is an example of how the system works:
Capital income is taxed when the crypto gains are received:
I receive 0.10 ETH from staking for a value of β¬150.
I label the deposit transaction "Staking".
I will therefore be taxable on the value of the ETH received, so β¬150 as capital income.
π‘ This step will apply to everyone, without exception or exemption.
2. If I make a taxable transfer of the staking gains, the capital gain made will be taxed :
I resell my 0.10 ETH for a value of β¬200, so I realised a capital gain of β¬50 taxable as miscellaneous income.
I will be taxable on β¬200 capital gain as miscellaneous income.
π‘ This step does not apply if I have a "Good Father" profile.
To find out how to declare your capital gains and passive income, follow our tax declaration guide.
If you have any further questions, please feel free to contact us via the chat just at the bottom right of your screen! π¬
Waltio team