If you are a long-term resident of Belgium you are deemed a permanent resident for tax purposes. Should you move and become a resident, your tax affairs will come under the jurisdiction of your residence country.
Mining is beyond the scope of most individuals and calls for significant investment in time, money, and equipment. However, if you declare yourself as a miner you are required to pay income on your profits but you may also deduct your expenses, such as electricity, maintenance fees, and the cost of your hardware.
Crypto financial services in Belgium
Fin services – retirement planning
Most retirement and pension funds worldwide deem cryptocurrencies to be too volatile to become part of long-term retirement schemes. There is little certainty on this at present.
Fin services – banking
KBC, one of the largest insurance and banking companies in Belgium announced a proposal to launch its own cryptocurrency as a form of reward token that would allow the bank to develop interaction strategies with its customers, promote its platform, and compel users to adopt its services.
Fin Services – Defi
Belgium has a progressive outlook on blockchain and many financial observers propound a financial system that operates without banks’ stranglehold – this may be wishful thinking, however.
Bitcoin in Belgium
Spend
There are many leading Belgium crypto exchanges operating and over 30 ATMs where you can buy and sell selected cryptocurrency using cash, but with some identity disclosure required. Many world brands operating in Belgium accept Bitcoin, among them Starbucks and Microsoft as well as home-based retailers, bars, and restaurants.