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Crypto accounting & tax in Belgium

Reporting framework, corporate tax and individual tax treatment for digital assets in Belgium, from CryptaCount's jurisdiction database covering 72 countries.

Belgium: tax & reporting data

General Information

Default Framework
IFRS
Permitted Frameworks
IFRS, BE_GAAP
IFRS Mandatory For
Listed entities, banks, insurers must use IFRS for consolidated FS
Tax Year
Calendar Year (end M12)
Functional Currency
EUR
FX Source (Reporting)
ECB
FX Source (Tax)
ECB
Transaction Rate
Daily Spot
Hyperinflationary
✗ No

Reporting — BE_GAAP

Framework Available
✓ Yes
Crypto Classification
Intangible Asset, Financial Fixed Asset, Current Asset
Classification Notes
IAS 38 intangible (most common); IAS 2 inventory if held for sale in ordinary course. No dedicated IFRS crypto standard.
Measurement Basis
Historical Cost
Permitted Cost Methods
FIFO, WAVG, LIFO
Prohibited Cost Methods
Impairment Required
✓ Yes
Impairment Type
Prudence Principle
Reversal Allowed
✓ Yes
NRV Write-down
✓ Required — Only if classified as inventory (IAS 2)
Fair Value Hierarchy
Recent Standards
No dedicated IFRS crypto standard. IFRIC agenda decision (2019) confirmed IAS 38/IAS 2. IASB crypto project in pipeline, no ED yet.

Corporate Tax — Rate & Classification

Corporate Tax Rate
25%
Crypto Classification
Ordinary Income
Notes
All corporate income taxed as ordinary

Corporate Tax — Cost Basis

Measurement Basis
Historical Cost
Default Cost Method
FIFO
Permitted Methods
FIFO, WAVG, LIFO
Taxpayer Can Elect
✓ Yes
Country Override
Standard
Override Notes
LIFO Conformity Req.
✓ Yes
Differs from Reporting
✗ No

Corporate Tax — Anti-Avoidance

Wash Sale
✗ Off
Window (before/after)
Same-Day Rule
✗ No
Loss Restriction
Unrestricted
Loss Carryforward
Unlimited

Corporate Tax — Holding Period

Holding Period Benefit
✗ No
Period
Benefit Type

Corporate Tax — Crypto Event Treatment

Staking Rewards
FMV at Receipt
Gas Fee Treatment
Add to Cost
Gas = Disposal of Native
✓ Yes
Crypto↔Crypto Taxable
✓ Yes
DeFi Wrapping
Unclear
Fork Cost Basis
Zero

Individual Tax — Regime

Tax Regime
Exempt
Regime Notes
Normal management of private patrimony = tax-free. Speculative: 33%. Professional: progressive.
Tax Rate
0% (exempt)
Rate Notes
0% normal management; 33% speculative; progressive if professional

Individual Tax — Cost Basis

Measurement Basis
Historical Cost
Cost Method
FIFO
Method Electable
✓ Yes
Permitted Methods
FIFO, WAVG
Country Override
Standard

Individual Tax — Exemptions

CGT Exempt
✓ Yes
Exempt Conditions
Normal management of private patrimony (bon père de famille). Frequent/leveraged trading reclassified.
Holding Period
HP Benefit
Annual Exemption
Threshold Exemption

Individual Tax — Anti-Avoidance

Wash Sale
✗ Off
Same-Day Rule
✗ No
Superficial Loss
✗ No
Loss Restriction
Unrestricted
Loss Carryforward
Unlimited

B2C vs B2B Differences

Differs from B2B
✓ Yes
Notes
Tax follows accounting
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