2018 Tax Return : Tax on Securities Accounts

Since 2018, Belgium has a wealth tax! If you own one or more securities or brokerage account on which you hold stocks and bonds, units in mutual funds or warrants, you may have to pay the tax on securities accounts.

If all your securities accounts together are worth more than €500,000, the tax is 0.15% of the average value of the account, not just on every euro over €500,000. The value is the average of the values at the end of each quarter (31 December, 31 March, 30 June, and 30 September). For 2018, the tax is calculated on the last three dates. If you have a securities account with a Belgian bank, the bank will charge the tax to your account, report and pay the tax by 20 December 2018.

If your account is in another country or online, assuming the bank does not report and pay the tax for you, you will have to calculate and declare the tax yourself.  You will have to report the value of their securities online, together with your annual income tax return, and pay the tax by 31 August 2019.

Penalties range from 10 to 200 percent.

 

Your Tax Return :

Author: Marc Quaghebeur

Marc Quaghebeur is a Belgian tax lawyer with Cabinet DAVID specialising in international tax issues and cross border estate planning. He is a member of the Brussels Bar and the Society of Trust and Estate Practitioners. He

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