Announcement

Belgium: Tax impact of the new Budget Law

Tax | Belgium

Reference

Code
T15034
Service level
CBL
Last Updated
28.07.2015

The Belgian Government has announced today the agreement on the new budget law for second half of 2015 and 2016. This new budget law may have the following impacts on the market:

  • The withholding tax on income and dividend may increase from 25 to 27% for all financial instruments.
  • The taxation of capital gains for individuals on shares of listed companies held for a period of less than six months may be amended.
  • A new Real Estate Investment Company (REIC) regime dedicated to institutional investors may be implemented.

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.