Tax authorities in Belgium aren’t joking around when it comes to Belgians paying taxes on their cryptocurrency gains. Unity is Taxes According to reports from Belgian newspapers, the country’s Special Tax Inspectorate has opened three cases in regards to cryptocurrency taxes, with a fourth recently closed and treated as a “non-case.” Belgian law stipulates that anyone speculating on cryptocurrencies must pay a 33 percent tax on profitable gains, and said gains must be declared as
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Tax authorities in Belgium aren’t joking around when it comes to Belgians paying taxes on their cryptocurrency gains.
Unity is Taxes
According to reports from Belgian newspapers, the country’s Special Tax Inspectorate has opened three cases in regards to cryptocurrency taxes, with a fourth recently closed and treated as a “non-case.”
Belgian law stipulates that anyone speculating on cryptocurrencies must pay a 33 percent tax on profitable gains, and said gains must be declared as “miscellaneous income” on tax returns – a rule which was apparently imposed at the end of last year.
At the moment, the STI – in addition to laying claim to an unfortunate acronym – is having a rough time enforcing the tax code, as most cryptocurrency trades are being made on foreign exchanges, and assets are being stored on foreign platforms.
Nevertheless, the STI is cracking down on Belgians not paying their fair share to the Western European country – and it’s just beginning. As noted by FPS Finance spokesman Francis Adyns:
It is a world in which the Belgian tax authorities still have much to achieve.
I want to start by saying that the purpose of this article is not to teach you to become a marketing influencer on YouTube or Instagram.
Not especially anyway, the tips on this page are meant to be more general to all your personal and professional relationships.
However, if your life and business is primarily about the social, so be it.
Influencers reside in every area of life – politicians are influencers, for example.
In fact, politicians are so successful at getting people upset because they are so good at reaching large masses of people and making promises that they (sometimes) do not hold, Is not it?
The ability to influence a crowd begins with learning to gain trust and influence individuals, and that is what I will deepen today.
We should all be aiming to be that person who can one day walk the streets and have the skills to attract people with our eyes, and trust them with our actions.
5 Tips for Becoming an Influencer Ninja:
1. Stop judging everyone you know and meet.
Is this easier said than done?
Yes, yes, but I think it’s THE most important thing to become a better influencer.
Although I do not want to talk about social media, this kind of influencers can certainly benefit from this advice …
… Consider how this gives you air when you are making noise with other influencers or making judgmental comments in your feeds.
It’s very difficult not to let your guts interact with others, but if you take a serious look at the judgments you’ve made about people throughout your life, can you you honestly say that you are right? time?
Probably not; none of us have this kind of intuition.
… Even experienced police detectives are often wrong, and they face the worst moments of society and watch them every day.
The really bad and terrible thing about judgment is that we are much better able to feel it when it is unjustly imposed upon us, than to make accurate judgments about others.
“He who judges will be judged.”
Judge people even with the best fake smile on your face, and they probably are not just knowing that you do it, but also judging you as an alleged fake and somebody not to do trust.
2. Work to become a positive influencer.
In fact, be a positive person or you are not likely to be an effective influencer at all.
The vast majority of people you will meet, especially in entrepreneur circles, do not make negativity.
This is to complain, condemn and criticize …
… Even when you think that you offer constructive criticism, there is a good chance that you can talk about it more tactfully.
“When two things are true, choose the most positive one.”
I do not know who said this sentence first, but many of us who seek to be effective influencers can benefit from its adoption.
For example, “this logo is really nil” can easily turn into “there are definite things that I like, but …”
3. Use the names of people when you talk to them.
Twitter and other social networks facilitate this by automatically inserting people’s handles when we talk to each other and respond to each other.
There is a simple reason why also: We all love the sound of our names!
Kidding – somehow!
The fact is that it is a demonstration of respect, empathy and interest towards the other person when you use his name in a conversation …
… Even in emails, never assume that the other person will not appreciate you typing your name.
Whenever the owner of BizEpic, Ivan and I exchange e-mails, we always start with a greeting that includes the name of the other.
It is a matter of respect, rather than cold exchanges that concern business and which lack humanity.
Not speaking to people by name only shows indifference to the other person and to anyone else who is hiding nearby.
<p> How many people do you know who never uses your name and instead start conversations or try to get your attention with “Hey” or worse, “Hey you!” </p> <blockquote> <p> “Hay is for horses.” </p> </blockquote> <h3> 4. Stop making statements, start asking questions. </h3> <p> Many newbies think that their job as an influencer is to share their opinions and knowledge with people. </p> <p> That’s true, but only to a certain extent. </p> <p> You see, learning is so much softer when it is personalized to the recipient. </p> <p> Ask people what is their hottest problem and they will probably tell you … </p> <p> … Help them solve the problem, no matter what – an unanswered question or a problem with the tax man – and they will instantly give you respect. </p> <p><!– WP QUADS Content Ad Plugin v. 1.7.6 –></p> <blockquote> <p> “Give a man a fish and he will eat for a day, teach him to fish and you will feed him for life.” </p> </blockquote> <p> Drone again and again as a narcissistic idiot without a real purpose and you risk being considered as such. </p> <h3> 5. True influencers understand that there is no good result to argue. </h3> <p> Finally, to be a good influencer, you have to stop talking to people. </p> <p> There is a difference between arguing and arguing, too. </p> <p> When an argument follows, the ego comes out and the real communications stop. </p> <p> I do not trust people who argue with everyone about everything … </p> <p> … I bet neither, whether you realize it or not </p> <p> You can not rely on someone who becomes aggressive and angry when he does not agree with you or with you. </p> <p> Debate disagrees without ego – where you talk, they listen, and respond when you’re done – and vice versa. </p> <p> The debate is lively and generally leads to unfair personal and professional negative reviews. </p> <blockquote> <p> “A disagreement is when both sides express their opinions without being emotional.It’s just that they can see things differently.An argument implies to be hurt or angry. that the other will not see things the same way. “</p> </blockquote> <p> Arguing gives you the look of a narcissistic baby and not worthy of the influential ninja title! </p> <h4> Do you have tips and tricks? </h4> <p> Go ahead and leave a comment and tell everyone your best advice for becoming an influential ninja. </p> <p> <em> Main source of the image: Chris Zerbes / Flickr </em> </p> </div> <p></p> ” data-medium-file=”” data-large-file=”” class=”aligncenter wp-image-7607 size-full” src=”http://techcrunchhq.com/wp-content/uploads/2018/03/1520199650_863_belgian-tax-authorities-hunting-down-cryptocurrency-speculators.jpg” alt=”Map of Belgium” width=”441″ height=”404″ data-recalc-dims=”1″/>
In order to achieve its goals, Belgium’s Special Tax Inspectorate is relying heavily on foreign cooperation.
For each of the aforementioned cases, STI obtained the necessary tax information from yet-to-be-named foreign tax authorities. The STI is also requesting the cooperation of cryptocurrency exchanges in handing over Belgians’ information.
Coinbase Complies with the IRS
Belgium isn’t the only country looking to get its hands on citizens’ cryptocurrency profits.
Recently, popular California-based cryptocurrency exchange Coinbase forked over more than 10,000 users information to the Internal Revenue Service. The information provided includes users’ “taxpayer ID, name, birth date, address, and historical transaction records for certain higher-transacting customers during the 2013-2015 period.”
The exchange initially failed to comply with the IRS, who originally requested information on virtually every Coinbase user. As explained by the exchange:
In December 2016, the Internal Revenue Service issued a summons demanding that Coinbase produce a wide range of records relating to approximately 500,000 Coinbase customers. Coinbase fought this summons in court in an effort to protect its customers, and the industry as a whole, from unwarranted intrusions from the government.
Unfortunately, unwanted intrusions from governments around the globe will likely only become more commonplace as the market matures.
What are your thoughts on the taxation of cryptocurrency? Let us know in the comments below!
Images courtesy of Goodfellow AFB, NewHDPhotos, Shutterstock
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