Trying to figure out NFT taxes in Belgium can feel like walking through a maze. You may have sold digital art, earned royalties, or flipped a few tokens, and now you’re unsure how the Belgian taxman views any of it. Unlike cryptocurrencies, NFTs aren’t seen as currency or standard digital assets, which means they follow different tax rules.
To make things more complex, your tax treatment depends on how active you are in the NFT space. Casual holders may pay less, while frequent traders face higher rates. Then there’s VAT, corporate tax, and upcoming changes in 2026. This guide breaks everything down for you, whether you’re an individual collector, a speculator, or a business exploring NFTs.
Are NFTs Taxable In Belgium?
Yes, NFTs are taxable in Belgium, but they are treated differently from cryptocurrencies. The Belgian tax authority classifies NFTs as unique digital assets, not as digital currencies. This means tax rules that apply to cryptocurrencies don’t automatically apply to NFTs. Instead, NFTs are taxed under laws related to ownership rights, similar to how property or artwork is taxed.
If you sell or transfer an NFT, it’s seen as a transfer of ownership rights, which can trigger capital gains tax. Additionally, from a VAT perspective, NFTs are considered electronic services and are subject to the standard 21% VAT rate. So, whether you’re minting, selling, or buying NFTs in Belgium, there are clear tax rules you need to follow.
Read More: Crypto Tax In Belgium – The Ultimate Guide
How NFT Income Is Taxed for Individuals in Belgium?
NFT profits are not taxed the same way for everyone. Your tax rate depends on how your NFT activities are classified. Belgian tax law outlines three main profiles for individuals, each with its own rules and consequences.
Prudent Manager
If your NFT activities fall under normal management of private wealth, you are considered a prudent manager. Until the end of 2025, capital gains in this category are tax-free. However, from 1 January 2026, a 10% capital gains tax will apply on profits above an annual exemption of €10,000.
This classification is usually granted to individuals who engage in occasional, long-term holdings of NFTs and fund their purchases from personal savings. To remain in this category, you must maintain clear records proving your passive involvement and show that your actions are not speculative in nature.
Speculative Investor
Speculative investors engage in frequent or high-volume NFT trading. If your transactions show active attempts to profit from short-term price changes, you are likely to be categorised under abnormal management of private wealth. This leads to a flat tax of 33% on gains, before communal surcharges.
Losses from speculative trading can be deducted from other miscellaneous income in the same year. They can also be carried forward for up to five years. However, taxpayers must prove that these losses are linked to genuine speculative activity and not simple mismanagement.
Professional Trader
Those who trade NFTs as part of a structured or regular business activity are classified as professional traders. This means profits are taxed as professional income, using progressive income tax rates ranging from 25% to 50%. Social security contributions also apply to this income.
To qualify as a professional trader, your NFT activity must be consistent, organised, and intended to generate income. You are allowed to deduct related business expenses, such as platform fees, software costs, and promotional expenses, provided they are justified and documented properly.
Corporate Tax on NFT Transactions in Belgium
Businesses involved in NFT trading or creation are subject to corporate tax rules. The tax applies to profits, and certain expenses can reduce the overall liability. Companies must also follow accounting standards when handling NFT assets.
Standard Tax Rates for NFT-Related Profits
Belgian companies that earn profits from NFTs must pay corporate income tax. The standard rate is 25%. Small and medium-sized enterprises may qualify for a reduced rate of 20% on the first €100,000 of taxable income, if they meet specific conditions.
These profits are calculated based on the accounting income of the company, with adjustments made for any non-deductible or tax-exempt items. Businesses must ensure that all NFT-related profits are properly reported in their corporate tax returns, following the standard rules applied to other income sources.
Expense Deductibility for NFT Businesses
Companies can deduct expenses related to their NFT activities, provided those costs are directly linked to maintaining or increasing taxable income. Common examples include platform fees, gas fees for minting, marketing expenses, and creator payments for commissioned NFTs.
The deductions must be well-documented and relevant to the business operations. Receipts, invoices, and transaction logs are necessary to prove the legitimacy of these expenses. Only costs that occurred during the taxable year and are backed by clear evidence will be accepted by the tax authorities.
Amortisation of NFTs as Intangible Assets
NFTs held as long-term business assets can be treated as intangible fixed assets. Belgian tax law allows amortisation over a minimum period of five years, typically using the straight-line method. This helps reduce taxable profits over time by spreading the asset cost across multiple years.
For the first year, only a proportionate share of the amortisation is accepted, depending on the date of acquisition. Companies should assess the intended use and value of their NFTs to apply the correct amortisation treatment. Proper classification ensures compliance with both tax and accounting rules.
Investment Deductions for Digital Assets
Belgium offers an investment deduction of 20.5% for eligible digital investments acquired after 1 January 2023. NFTs may qualify if they are used for professional purposes and meet the conditions for depreciable intangible fixed assets.
This incentive helps reduce the overall taxable base of the company. Businesses must maintain documentation to support the eligibility of their NFTs and clearly show that they serve a commercial or operational purpose within the company’s structure.
Loss Relief Provisions for NFT Companies
Companies that experience losses from NFT-related operations may benefit from loss relief. Net operating losses can be carried forward indefinitely and offset against future profits. However, only 70% of profits exceeding €1 million can be offset using carried-forward losses.
This rule ensures that even companies with large accumulated losses still contribute a minimum tax amount. It is important to apply these limits accurately and understand how NFT losses are treated under general corporate tax law to avoid errors in future filings.
VAT Rules on NFT Transactions in Belgium
NFTs are not treated as goods or currencies under Belgian VAT rules. Instead, they are classified as electronic services. This impacts how VAT is applied, collected, and reported across all NFT-related activities within Belgium.
NFTs as Electronic Services, Not Goods
In Belgium, NFTs are considered digital services rather than physical goods or legal tender. This classification is based on their nature as non-interchangeable digital assets that provide ownership of a digital item. As a result, NFTs are excluded from VAT exemptions that apply to financial services or currency transactions.
This means NFT sales fall under the general VAT framework for electronically supplied services. Belgian authorities follow the EU-wide approach, which treats NFTs as digital products provided through online means, making them taxable at the standard VAT rate.
21% VAT Rate and Jurisdiction Rules
The sale of NFTs in Belgium is subject to the standard VAT rate of 21%. This rate applies regardless of the nature of the underlying asset or the method of transaction. Whether paid in euros, cryptocurrencies, or any other currency, VAT is still levied on the full sale value.
The place of supply rule means VAT is charged based on the buyer’s location, not the seller’s. This is especially important for cross-border transactions. Sellers must verify the customer’s location and apply the correct VAT obligations accordingly to remain compliant.
Impact on Sellers and Marketplaces
Anyone who regularly creates or sells NFTs is considered a taxable person for VAT purposes. This includes artists, developers, and traders who offer NFTs for sale. Once they cross the VAT registration threshold, they must charge, collect, and report VAT in line with Belgian rules.
NFT marketplaces are also subject to VAT obligations. If they act as intermediaries in transactions, they may be held responsible for collecting VAT on behalf of sellers. This approach helps tax authorities ensure proper compliance across digital platforms operating in Belgium.
No Special Margin Scheme Available
Belgium’s special margin scheme, which is often used for second-hand goods, does not apply to NFT transactions. This is because NFTs are classified as services rather than goods. As a result, sellers must pay VAT on the full sale price, not just on their profit margin.
This can lead to higher VAT liabilities for resellers, especially those who trade NFTs at varying price points. Businesses must adjust their pricing strategies and maintain full records of their sales to meet VAT obligations without error.
Reporting NFT Income in Belgian Tax Returns
Reporting NFT-related income depends on the type of investor and the nature of the activity. Belgium uses specific fields within the personal income tax return to classify income from capital gains, speculative trades, and professional business operations.
Speculative Gains (Vak XV, Field 1440)
If your NFT activity involves frequent trades or short-term speculation, it is taxed as miscellaneous income. These gains must be reported in Vak XV, under Field 1440 of your tax return. This applies to individuals who actively seek profit through price fluctuations.
It is important to calculate and declare your total speculative income for the year accurately. You can also deduct allowable costs such as gas fees or platform charges, which must be entered in Field 1441. Accurate reporting helps prevent disputes with tax authorities.
Passive Income (Vak VII, Field 1444)
NFTs can sometimes generate passive income, such as royalties or staking rewards tied to the asset. In such cases, the income should be reported under Vak VII, specifically in Field 1444, which is used for declaring movable income from financial sources.
The income is taxed at a flat rate of 30%, and you must report it based on its fair market value at the time of receipt. Make sure you maintain records that show when and how the income was earned, especially for multiple sources.
Professional Income (Vak XVII, Field 1600)
If NFTs are part of your full-time business or you generate income through organised activity, then it is considered professional income. You will need to report these earnings in Vak XVII, under Field 1600, and complete all related fields.
You must also declare eligible business expenses in Field 1606 and any social contributions in Field 1632. This classification involves higher taxes but also allows deductions, making proper documentation essential for accurate tax calculation and compliance.
How Can KoinX Help With NFT Tax Reporting In Belgium?
Managing NFT taxes in Belgium can feel confusing, especially when the rules vary by investor type and transaction nature. KoinX helps simplify this entire process by classifying activities correctly, tracking gains, and preparing reports that are ready for Belgian tax filing.
Supports Over 800 Platform Integrations
Whether you use OpenSea, MetaMask, Ledger, or centralised exchanges, KoinX connects with more than 800 platforms. This ensures all NFT income and expenses are automatically synced for accurate tax treatment.
Classifies NFT Activity by Profile Type
KoinX helps identify whether your NFT trading is passive, speculative, or professional. It analyses frequency, trade patterns, holding duration, and more to ensure your income is properly categorised before tax calculation begins.
Tracks All NFT Transactions in Real-Time
Every NFT buy, sell, mint, or transfer is automatically logged by KoinX. The platform supports integration with major wallets and marketplaces, helping you maintain a clear timeline of your digital art transactions.
Generates SPF-Compliant Reports for Fields 1440, 1444, and 1600
KoinX exports tax reports that align with Belgium’s declaration format. These reports include separate summaries for speculative gains (Vak XV), passive income (Vak VII), and professional activity (Vak XVII), ready for upload to MyMinFin.
Join KoinX today to take the stress out of NFT tax calculations in Belgium. Make your tax filings accurate, fast, and fully compliant today.
Conclusion
NFT taxation in Belgium is no longer a grey area. From speculative trades to passive holding, every NFT activity now falls under specific tax rules. Whether it is income tax, VAT, or new capital gains laws, staying compliant requires careful classification and accurate reporting.
Using a reliable tax platform can significantly reduce your risk of misreporting. KoinX helps Belgian investors manage NFT taxes with ease by automating classification, calculating taxes, and generating reports that are SPF-compliant. Sign up today on KoinX and make your NFT tax filing faster, simpler, and 100% compliant.
Frequently Asked Questions
Are NFT Gifts Taxable in Belgium?
Yes, gifting an NFT may be subject to inheritance or gift tax depending on your region (Flanders, Wallonia, or Brussels). If the gift is made without using a notary, additional taxes may apply if the giver passes away within 3 years. Always consult a local advisor for gift tax implications.
Do I Pay Taxes When Transferring NFTs Between My Own Wallets?
No, moving NFTs between wallets you own is not a taxable event in Belgium. However, you must maintain clear documentation proving that both wallets belong to you. This helps avoid confusion during audits or reporting.
Is Buying an NFT with Cryptocurrency a Taxable Transaction?
Yes, if you use cryptocurrency to purchase an NFT, it triggers a capital gains tax on the crypto spent. The gain is calculated as the difference between the purchase price of the crypto and its value at the time of NFT purchase.
Are Belgian NFT Creators Required to Register for VAT?
If you regularly sell NFTs and earn income, you may need to register as a VAT taxable person. This includes meeting thresholds and issuing invoices. Occasional sales usually do not require registration, but it depends on your activity level.
Can I Use NFT Losses to Offset Gains From Cryptocurrency?
Only if both are classified under the same tax category, for example, speculative NFT losses may offset speculative crypto gains under miscellaneous income. However, losses from professional activity or prudent investing are treated separately.
