The net is gradually closing around previously “invisible” crypto investors. In addition to the mandatory reporting in the personal income tax return and to the CPC by investors themselves, Belgian crypto-asset service providers will also be required, as of 1 December 2026, to proactively share information about their users with the CPC, pursuant to the Act of 18 December 2025 containing various provisions.
What is the CPC?
The Central Point of Contact (CPC) is a database managed by the National Bank of Belgium. This database contains information on, among other things, bank accounts, payment accounts, securities accounts and certain financial contracts held by individuals and legal entities.
The CPC was introduced to enable competent public authorities, in particular the Belgian tax authorities, to identify more quickly the financial institutions with which a taxpayer holds accounts or certain financial products. This may take place in the context of tax audits, fraud investigations or other legally defined tasks.
In principle, the CPC does not contain an overview of transactions. For bank and payment accounts, identification details of the account and its holder(s) are generally recorded. However, for certain categories of accounts, including crypto-asset accounts, periodic balances may also be reported.
What information will be shared?
Belgian crypto-asset service providers, including exchange platforms, will be required to share the following information with the CPC:
- the opening or closing of each crypto-asset account of which the client is a holder or joint holder, as well as the identity of the client;
- the granting or withdrawal of a power of attorney to one or more authorised representatives, as well as the identity of those representatives;
- the periodic balance of the crypto-asset account, together with the date and account number.
When will the first reporting take place?
The first reports will be submitted from 1 December 2026 onwards and will include the balances of crypto-asset accounts as at 31 December 2025 and 30 June 2026, as well as the information listed above.
Conclusion
The invisibility of crypto investors to the tax authorities will soon come to a definitive end. Not only have investors already been required for some time to report their crypto account(s) in their personal income tax return and to the CPC, but the European DAC8 Directive was also recently transposed into Belgian law. This directive facilitates the automatic international exchange of information on crypto investments between tax authorities within the EU.
Investors who, in recent years, whether knowingly or unknowingly, have failed to make the necessary declarations themselves will therefore soon be confronted with both national and international exchanges of information by their crypto-asset service provider.
Do you have questions about the tax obligations arising from an investment in crypto assets and the upcoming (international) exchange of information?
Do not hesitate to contact one of our experts.
