Belgium Cryptocurrency Tax at Breaking News

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Belgium Cryptocurrency Tax, The success of cryptocurrencies, particularly bitcoin, which has received the most media coverage, has naturally led to questions concerning their value and tax treatment. Currently, corporate income tax is levied at the rate of 33.33% (28% for taxable income up to euro 0.5m). The country boasts a very strong tech sector and scientific instutitons that are well respected globally.

Belgian Tax Authorities Hunting Down Cryptocurrency
Belgian Tax Authorities Hunting Down Cryptocurrency from www.cryptoinvestor.news

Crypto is not illegal in the european union, but the eu is working towards a common licensing and regulatory standard. The present tax rate under this regime is 33%, but it is slated to fall to 25% over the next few years. Check out the directory of tax professionals!

Belgian Tax Authorities Hunting Down Cryptocurrency from Nice Breaking News

The pace, scale and level of development in the crypto space in the past year has been truly exciting to observe. Recently, the dolle mol café and bar in downtown brussels has started accepting cryptocurrencies for any of it's offerings. For companies, profits from cryptocurrencies (including currency speculation and currency mining) are liable to tax under the general corporation tax regime for profits and losses. If you have for example 1 or 2 terminals to mine crypto then the generated income will be taxed at 33%. Any belgian company or foreign entity active in belgium that generates an income (or a loss) from trading bitcoin and/or exchanging (virtual) currencies, will be chargeable under the standard corporate income tax rules.