Forex taxes in Belgium

Nov 26, 2014 at 09:06
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15 Replies
Tham gia từ Nov 24, 2014   4bài viết
Nov 26, 2014 at 09:06
Hi Members of MyFxBook.

Does someone of you know a forextrader/ EA user from Belgium? My plan is to invest a % of my capital into forex EA's, forex manual traders AND trading forex myself BUT the taxrules in Belgium about forex are very limited and vague. I allready asked it to my taxadvisor and even he couldn't give me a 100% correct answer about forextaxes in Belgium. So I am searching belgian people who can help me with their experiences with taxes on forextrading.

I hope someone out there can help me. I would be very grateful


Best Regards,

Gerard
Tham gia từ Nov 03, 2014   1bài viết
Dec 01, 2014 at 08:44
Dear Gerard,

I am living in Belgium and have been trading forex now for 3 years, last year i traded break even and this year i haven't traded much.
As for your question about taxrules in Belgium, i also don't know much about it, but i can tell you that i traded for approximately over €10.000 and never had any tax problems nor any question about my wins and profits that i made with forex.
But i have to tell you that i did my withdrawals with moneybrookers and not true a Belgian bank account.

I hope my experience could help you.

Best regards

Ahmet
Tham gia từ Jul 22, 2015   1bài viết
Jan 29, 2016 at 19:38
Hi Gerard and Ahmet,

I am also living in Belgium and annoyed by how little literature is available on the internet on tax treatment of Fx trading profit in Belgium.

In the meanwhile were you able to find out more on this subject?

Kr
V
Tham gia từ Sep 12, 2015   1948bài viết
Feb 02, 2016 at 17:08
From what I know if your profits are over 20k/year revenue are suppose to be informed,but there is no data available on what rate they Tax if they actually do decide,at the moment there are no set tax rules on spread betting in UK&IRE.A great business to be in with 0 Tax,I think its because of the figures that 95% lose within a short period,but what about the 5% that win over the long run.
"They mistook leverage with genius".
Tham gia từ Nov 14, 2015   325bài viết
Feb 03, 2016 at 07:47
I can't say for sure, but as Belgium impose no capital gains taxes on stocks (from what i can gather, it is only imposed on real estate), I suppose they won't tax forex as it is a form of capital gains too.
Tham gia từ Jan 16, 2019   3bài viết
Jan 17, 2019 at 14:59
i have an appointment with my bank manager so maybe he can answer this question will update you on what he says.
jnimc
forex_trader_404449
Tham gia từ Feb 19, 2017   12bài viết
Jan 18, 2019 at 11:16
It could be taxed if forex trading is your only business/income - need to be checked thou...
Tham gia từ Jan 16, 2019   3bài viết
Jan 20, 2019 at 07:01
maybe income tax if its your only activity but as some members of the forum stated in Belgium you don't pay capital gains tax unlike the UK. I have the appointed in 12 days will update you on what my bank manager states.
Tham gia từ Jan 20, 2019   1bài viết
Jan 21, 2019 at 08:02
I have similar questions for the Netherlands as I recently moved over with my wife. From the information I collected so far, I understand that the profit will be taxed. Now I wonder if it is handy to open a Dutch company and will there be a difference in total taxation in case of trading via a limited liability company?
Tham gia từ Sep 24, 2019   23bài viết
Apr 25, 2020 at 14:06
Okay, I have read this thread once again and what you all have decided really with that ? What do we do honestly? I hope something could really be done with that matter a bit later. Somebody says they tax capital gains - some that are not.
Tham gia từ Jan 16, 2019   3bài viết
Apr 25, 2020 at 14:14
@Doombinder i would advise that you make an appointment with Service Publique Finance they should be able to answer your question, it is indeed true that in Belgium there is no capital gains with the exception if the value exceeds 500k of assets such as stocks.

The rules are difficult as forex is considered as speculative and i am not mistake it also depends how many trades you place daily/weekly but i am no expert its best to consult with the SPF, if you ever get to talk to them let me know as i would be curious on what they state.
Tham gia từ Jul 23, 2020   869bài viết
Oct 07, 2021 at 15:03
Ask the regulator body in Belgium about that.
Tham gia từ Jul 23, 2020   759bài viết
Oct 07, 2021 at 21:05
You can contact the bank if there are any taxes involved in forex trading, they will know.
Tham gia từ Apr 09, 2019   538bài viết
Oct 08, 2021 at 10:48
I would always go straight to source for anyone asking about any country. Last thing you want is to miss something and get stung.
If you can't spot the liquidity then you are the liquidity.
Tham gia từ Aug 17, 2021   94bài viết
Oct 16, 2021 at 17:24
Tax on stock exchange transactions range between 0.12% to 1.32% per transaction.
Tham gia từ Feb 20, 2021   78bài viết
Nov 08, 2021 at 06:20
Forex taxes in Belgium are very complicated. You can get an idea about the taxes by just reading the Forex tax in Belgium Wikipedia article, but there is more to it than that.
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