Belgian legals voted this week that all private individuals will have to pay a 33% tax on their income from bitcoin trading.
This rule excludes professional investors that fall under another legislation, with taxation up to 50%.
A third group of investors that aim to buy bitcoins as a part of portfolio of bonds (meaning, a long term investment) don't have to pay any taxation.
Whether the losses, as a result of bitcoin trading, will be deductible in your annual tax sheet was not mentioned.
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STEEM Price : 3.082 $This post received a 2% upvote from @morwhale team thanks to @robin1991! For more information,
Thanks for this info., @robin1991. Please provide the URL of the source of your info. I would like to study the details.
Hi, it was communicated though a ruling by the federal government, but this article (written in Flemish) can tell you a bit more: https://www.tijd.be/markten-live/nieuws-algemeen/Fiscus-belast-bitcoinwinsten-aan-33-procent/9965305
Thanks @robin1991. I have just up-voted you.
Cheers, I think many governments will be wise to let this young technology, driven by for instance trading, have a chance to grow as it is obvious it holds lots of potential and that the modern society, with all its confilicts and alienation , needs a new fuel injection. I don't think one can assume BTC and altcoins will be knocked back down by hard taxing. Alot of fud going around about that. just my two cents.. Thanks for sharing bro.
Indeed, it's totally disruptive . Legislation and taxing are always a responsive thing, so once laws are set up, crypto's will have skyrocketed already! ;)
This post has received a 2.81 % upvote from @aksdwi thanks to: @robin1991.