Hello 👋,
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%.
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 work :
Capital income is taxed when the crypto gains are received:
I receive 0.10 ETH from staking for a value of €150.
I label the deposit transaction "Staking".
I will therefore be taxable on the value of the ETH received, so €150 as capital income.
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 €200, so I realised a capital gain of €50 taxable as miscellaneous income.
I will be taxable on €200 capital gain as miscellaneous income.
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.
Waltio team