Correctly labeling your deposit transactions allows you to justify incoming flows of cryptocurrencies to the tax authorities and ensure they are properly taken into account in the calculation of capital gains.

The choice of label impacts the calculation of your capital gains or losses. Labeled and non-taxable transactions will not be taken into account in the calculation of your capital gains. Do not use labels if you are not sure of their different impacts.

👉 These tax labels are only applicable if you use the calculation method that includes crypto/crypto operations for tax purposes (Weighted Average Value method). If you use the crypto/fiat method, consult this article.

Here is an explanatory table of the deposit labels available for Belgian users and their tax consequences:

1️⃣ Airdrop: You receive a cryptocurrency airdrop. On the deposit transaction, you apply the "Airdrop" label. This deposit will increase the quantity of your cryptos in stock and will not be taxable.

2️⃣ Staking: You receive 0.2 ETH as a reward for your staking. On the deposit transaction, you apply the "Masternode & Staking" label. This deposit will increase the quantity of your cryptos in stock and it will be a taxable operation (taxable as movable income at 30%).

⚠️ Transfer between accounts: If you use the "Transfer between account" label, it must be added to both the withdrawal AND the deposit. Example: You send 1 ETH from your Binance account to your Coinbase account. You therefore have a withdrawal from Binance and a deposit to Coinbase: both transactions must be labeled as "transfer between account".