Capital Gains

As a matter of principle, Belgium doesn’t tax capital gains if they are made by way of “normal management of private wealth”. Private wealth is anything that you don’t use for your job or for professional purposes. And the normal management of your private wealth is what you do to keep your wealth growing safely, without speculating. Speculation would be …

How are your bitcoins taxed?

bitcoin

If you want to know whether the capital gains you make on bitcoin investments is taxable at all in Belgium, you can ask the Ruling Committee for an advance ruling. The Ruling Committee recently published a detailed questionnaire (NL/FR) that you will have complete when applying for a ruling. If you intend to ask for a ruling on the taxation …

Government agrees on budget and tax shift

Prime Minister Michel announced that his Government had reached an agreement on the budget for 2015 and 2016 and on a “tax shift” of €7.2 billion.  The government had to find an additional € 978 million to balance the budget for this year and to reduce the deficit to 2.5 percent as promised to Europe. An additional € 800 million …

New Tax Measures in the 2017 Budget Law

The State Gazette published the Act of December 25, 2016, which implements the 2017 budget along the lines announced at the time of the budget discussions in October 2016. To read more, click here.

Belgium Reaches Agreement on Budget

In the early hours of October 15, Belgian Prime Minister Charles Michel announced that his government had found an agreement on the 2017 budget. The three topics that were at the centre of the budget discussion — an in-depth reform of the corporate tax, a capital gains tax for individuals, and new measures to channel savings into the economy — have …

EU Council extends scope of Automatic Exchange of Information

On 9 December 2014, the European Council adopted a directive that extends the scope for the automatic exchange of information. The directive revises the Mutual Assistance Directive (Council Directive 2011/1/EU on administrative cooperation in the field of taxation) to include interest, dividends, gross proceeds from the sale of financial assets and other income, as well as account balances, within the scope of the automatic exchange …

New Rules on Capital Gains and Bank Secrecy

The Belgian State Gazette on November 10 published the law of November 7, 2011, which updates rules relating to the taxation of capital gains on fixed assets, bank secrecy, and wage withholding tax (read the full article).

Belgium’s Taxation of Capital Gains

One reason for Belgium’s popularity in international tax-planning structures is the absence of capital gains tax for individuals. Belgium does not have a wealth tax, either, so that makes the country attractive for wealthy individuals. The financial newspaper De Tijd reported on June 8 that the Supreme Court of Justice had dealt a serious blow to the tax-exempt regime of …

Belgian future PM Puts Reforms on Table

The Belgian State Gazette on November 10 published the law of November 7, 2011, which updates rules relating to the taxation of capital gains on fixed assets, bank secrecy, and wage withholding tax. At a July 4 news conference in the Belgian Parliament, Walloon Socialist Party leader Elio Di Rupo, recently appointed by King Albert II to lead the formation …