Taxation heaven using Bitcoin in Belgium

                                                     

Belgium is a the country with the highest tax rates (see here) in the world but not all type of income have the same taxation rate. Basically, renting a property to privates and/or obtain capital gains it result to be tax free.

The capital gains its one of the most discussed topic here on Steem, since is the way we can configure an income generated by crypto-currency, indeed we buy and sell an assets with an higher value on the market.

There is no law that regulate Bitcoins in Belgium, it is neither a foreign currency. Unfortunately, we had recently this sentence which goes against the crypto-currency which might even be consider illegal .

 They are proposing to control the block-chain which is technically impossible. So now the law, has been NOT yet released!

In this moment play with bitcoins is a sort of Heaven in Belgium because:

• VAT (Value Added Tax) has been abolished in Belgium. European Union law.
• Speculation Tax: has been abolished in Belgium. (Jan 1st 2017)
• Capital gains tax: No such thing in Belgium for assets different from properties.

So if you have a chance to live there for more than 183  days and you are not US citizen, I would take this opportunity !

Cheer,

Lazlo