2020 Tax Return: Tax on Securities Accounts

In 2018 Belgium introduced a wealth tax; in 2019, the Constitutional Court declared the tax discriminatory and annulled the tax … for the future.  This means that you must pay the tax a last time in 2020. What is this tax? If you own one or more securities or brokerage accounts with a bank, a brokerage firm or an investment …

End of Tax on Securities Accounts

On October 17, the Belgian Constitutional Court ruled that the tax on securities accounts is unconstitutional (Decision 138/2019). For budgetary reasons the court did not make the decision retroactive and taxpayers must still pay the tax for 2018 and 2019. Individuals who own certain financial instruments on one or more securities or brokerage accounts must pay the tax if the average value …

Belgium’s first wealth tax : a tax on securities accounts

On February 1, the Belgian Parliament adopted a law introducing an 0.15 percent tax on financial instruments held in securities accounts with a value over €500,000. That will, in effect, be a wealth tax on securities and brokerage accounts. For more, read the contribution in Tax Notes International or ask the author.