Belgium has one of the highest tax burdens in the EU and is not very friendly towards crypto businesses. Moreover, the regulation itself is quite developed and detailed.
Belgium has one of the highest tax burdens in the EU and is not very friendly towards crypto businesses. Moreover, the regulation itself is quite developed and detailed.
Belgium has a Moderate danger security level according to our rating. Jurisdiction has 51.1 points (from 100) for safety level in Numbeo crime rating (1). Homicide level (2) is 1.1 per 100,000 inhabitants a year. Level of firearm related death (3) 1.40 per 100,000 inhabitants a year.
Currently we have no information about legal status of crypto payments in Belgium.
No regulation
The main crypto regulator in Belgium is The Financial Services and Markets Authority of Belgium (FSMA). The regulator's position on VASP regulation was described in an official statement (4) about VASPs from the FSMA website. These regulation were based on Virtual Currency Royal Decree (5) of 8 February 2022.
Belgian crypto platforms had to register (6) with the FSMA until September 1, 2022. To keep their active registration, crypto-service providers had to satisfy seven criterias, including being incorporated as a business with a minimum capital of €50,000.
As for December 2024 there is information about VASPs regulation on FSMA website, but there is no active VASP in the following register (7). In the beginning of 2024 there was only 1 company - Bit4You in the list. Also, there are 7 legal entities in the FSMA database (8) that no longer have VASP registration.
The lack of information on this topic is probably due to the strict approach of regulators in Belgium to VASP and a fairly high tax burden. The situation may change after the adoption of a new law on cryptocurrencies, as part of the implementation of MiCA. According to our information, at the end of 2024, such a law has not yet been adopted. There is also another point that the National Bank of Belgium issues its e-money licenses, which can be used for crypto operations.
Tax name | Index |
PIT tax Min | 25 |
PIT tax Max | 50 |
Corporate tax (CIT) | 25 |
Min Individual CGT (for crypto) | 25 |
Max Individual CGT (for crypto) | 25 |
Wealth tax Min | 0.15 |
Wealth tax Max | 10 |
According to PWC (9), the federal tax rates for the 2023 income year range between 25% and 50%.
CIT is levied at 25% by PWC (10).
Capital gains are subject to the standard CIT rate of 25%, according to PWC (11).
1)Crime Index by Country 2023 Mid-Year
2)List of countries by intentional homicide rate
3)List of countries by firearm-related death rate
4)Virtual Currency Regulation: Belgium. Article
5)FEDERALE OVERHEIDSDIENST FINANCIEN. Belgian Royal Decree of 8 February 2022. PDF file
6)Cryptocurrency regulation in Belgium 2022. Article
7)Virtual Asset Service Provider (VASP). Article
8)FSMA Database on Institutions
9)Individual - Taxes on personal income. PWC
10)Corporate - Taxes on corporate income. PWC
11)Corporate - Income determination. PWC
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