Belgian stock exchange tax
As an example, a transaction executed through a Luxembourg bank or broker by a Belgian tax resident is now subject to the Belgian stock exchange tax. The tax rates remain the same, however the maximum amounts have been doubled to €1,300 for bonds, €1,600 for stocks and €4,000 for capitalization shares of CIVs. The stock exchange tax (TOB) is applicable to any taxable stock exchange transaction on Belgian or foreign financial instruments, concluded or executed in Belgium through a professional intermediary. As of 1 January 2017, the scope of Belgian stock exchange tax was broadened to cover also transactions that are carried out (directly or indirectly) on behalf of Belgian tax residents via a foreign intermediary or (e.g. internet) trading platform. Belgian tax reform: impact on the FS industry; Belgium decides to reduce corporate tax rate from 34% to 25%; Belgian Tax on Stock-Exchange Transactions: Action for Annulment before the Constitutional Court; Belgian Tax on Stock Exchange Transactions: Capitalising v. Distributing Shares Recently, several modifications of the Belgian Stock Exchange Tax regime (TOB/beurstaks) have been enacted. For recall, this tax generally applies to secondary market transactions (with the exception of redemptions of own units by certain investment funds) concerning certain financial instruments entered into by Belgian investors, be it through a Belgian or a foreign financial intermediary.
Belgian tax reform: impact on the FS industry; Belgium decides to reduce corporate tax rate from 34% to 25%; Belgian Tax on Stock-Exchange Transactions: Action for Annulment before the Constitutional Court; Belgian Tax on Stock Exchange Transactions: Capitalising v. Distributing Shares
The (Belgian or foreign) professional intermediary has to pay the tax on stock exchange transactions at the latest on the last working day of the month following the month in which the transaction was entered into or executed (Article 125, (1), first paragraph, 2nd point, Code on miscellaneous levies and taxes). Effective 1 January 2017, the scope of Belgian stock exchange tax was broadened to cover transactions that are conducted (directly or indirectly) on behalf of Belgian tax residents via a foreign intermediary or internet trading platform. As an example, a transaction executed through a Luxembourg bank or broker by a Belgian tax resident is now subject to the Belgian stock exchange tax. The tax rates remain the same, however the maximum amounts have been doubled to €1,300 for bonds, €1,600 for stocks and €4,000 for capitalization shares of CIVs. The stock exchange tax (TOB) is applicable to any taxable stock exchange transaction on Belgian or foreign financial instruments, concluded or executed in Belgium through a professional intermediary.
Stamp duty. No, except for a limited (i.e. capped) stock exchange tax on certain transactions in financial instruments (issuances, transfers) through the stock
wealth or capital by (Belgian) residents like the tax on stock exchange transactions and, in short, other taxes like the real estate tax, inheritance and gift taxes, the Luxembourg Double Tax Treaty - Belgium. (ii) the maintenance of a stock of goods or merchandise belonging to the Article 26 – Exchange of information. 1. The tax on stock market transactions, known as « taxe sur les opérations de bourse » (TOB) has been in existence in Belgium for dozens of Since January 1st 2017, in the wake of the financial information exchange (CRS) between OECD
Stock options were first specifically provided for in the Belgian income tax legislation 3.2.4.4 For shares listed on a stock exchange, the company offering the
the Belgian Constitutional Court in 2018, concluding that 2017 amendments to Belgium’s stock exchange tax (taxe sur les operations de bourse/Beurstaks, or TOB) are not contrary to EU law. Background Belgium has imposed the TOB since 2007 on transactions (e.g., purchases and sales of shares, employee stock options, other financial instruments, etc.) taking place in Belgium that The Euronext BEL 20 decreased 801 points or 19.94% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks this benchmark index from Belgium. Historically, the Belgium Stock Market (BEL20) reached an all time high of 4759.01 in May of 2007. The speculation tax consisted of a taxation at the special rate of 33% of capital gains on listed shares realised by an individual within 6 months following the purchase of the listed shares. In addition, the standard withholding tax rate for dividend, interest and royalty income has been increased (from 27%) to 30%. Belgium has always charged a tax on stock exchange transactions, such as the purchase and sale of some financial instruments (bonds and stocks) on a secondary market, and the sale of mutual funds (UCITS), through a Belgium-based professional intermediary, a bank or broker. The tax is also due when you buy or sell through a foreign bank or on an
20 Mar 2017 30% tax on the capital gain on sale of accumulating funds holding more than 25 % of assets in fixed interest securities. For many Belgian
1 Nov 2019 A Q&A guide to equity capital markets law in Belgium. No specific tax issues arise relating to the issuance of new shares in Belgium. Stamp duty. No, except for a limited (i.e. capped) stock exchange tax on certain transactions in financial instruments (issuances, transfers) through the stock and its effects on the main Belgian securities markets. Thierry Timmermans. 1. means of escaping the withholding tax on investment income. As individuals' wealth or capital by (Belgian) residents like the tax on stock exchange transactions and, in short, other taxes like the real estate tax, inheritance and gift taxes, the Luxembourg Double Tax Treaty - Belgium. (ii) the maintenance of a stock of goods or merchandise belonging to the Article 26 – Exchange of information. 1. The tax on stock market transactions, known as « taxe sur les opérations de bourse » (TOB) has been in existence in Belgium for dozens of Since January 1st 2017, in the wake of the financial information exchange (CRS) between OECD
Belgium has a yearly taxation of 0,15% on your investment account, if the combined total of your investment accounts is higher then 500k Euro. (unclear if this will still be the case in 2020) Belgium does impose an inheritance tax ; Tax on stock exchange transactions (0.12%, 0.35%, 1.32%). Retirement investing in Belgium Debtor of the stock exchange tax. For transactions carried out abroad the Code of Miscellaneous Fees and Taxes (the law) provides that the ordering party is liable for the reporting and payment obligation unless and until he can evidence that the tax has already been paid by the foreign intermediary or its Belgian fiscal representative difference in tax treatment between a share or an asset deal. Belgian tax law however provides some general provisions that limit the tax deduction of financing costs. Interest is not tax deductible when the interest rate is not set in accordance with normal market conditions, taking into