Belgium: Tax impact of the new Budget Law
The Belgian Government has announced an agreement on the new budget law for 2017. This new budget law may have the following impacts on the market:
- The withholding tax on income and dividend may increase from 27 to 30% for all financial instruments; and
- The possible introduction of Capital Gain Tax, however, this is currently under discussion and not yet agreed.
We will continue to monitor the information and inform customers accordingly, as soon as the details are published by the Belgian Tax Authorities.
|This Taxflash is intended to provide customers with general information gathered from different sources that are generally believed to be reliable. Clearstream Banking S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Taxflash is at the customer’s own risk and Clearstream Banking S.A., its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions reflected herein. The information in this Taxflash does not constitute legal or tax advice.|