senneverholle

Since the introduction of the new capital gains tax in Belgium, we have received a particularly high number of questions about staking and unstaking, wrapping and unwrapping, and bridging crypto-assets. Neither the legislation nor the administrative circular provides a clear answer as to whether these technical transactions constitute a taxable realisation. In this article, we seek to clarify this uncertainty. For the avoidance of doubt, the analysis below reflects our current legal view,...

Opinion Crypto is still treated as something of a neglected stepchild. This is also true in taxation. Nowhere, in our view, is this more apparent than in the haste with which it is assumed that income from crypto, and more specifically from onchain staking, must necessarily be taxable. Our position, however, is clear: in the case of native onchain staking, we believe that the statutory conditions for taxing rewards as investment income are not met and that, under the current tax legislation,...