I shared some insight in De Tijd about upcoming major changes to the CAP (central notification point for accounts) (CAP/PCC).

1. Notification of crypto accounts to the CAP – impact on detection of tax risks

Under the draft bill, crypto accounts will have to be notified to the CAP. One of the goals is to enable the Belgian tax authorities to monitor whether certain gains realised by individual crypto investors could become taxable as:

– miscellaneous income (speculative gains taxable at the rate of 33%), or even as
– professional income (at the progressive income tax rates, up to 50%) in the presence of a genuine commercial activity.

DAC8 will increase even more the chances of detection of such tax risks after its entry force (1 January 2026)!

2️. Access to data concerning individual securities accounts

– Financial institutions will have the obligation to notify to the CAP several financial data concerning individual securities accounts.
– Certain tax officials responsible for the assessment of the tax on securities accounts will be entitled to easily gain access to the above financial data.
– These new measures implement the recommendations of the audit court. The aim is to allow the tax authorities to monitor certain “avoidance” schemes, e.g. the splitting of a securities account (>1 mio €) into several securities accounts (<1mio €).

Denis-Emmanuel Philippe