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 had to pay the tax the last time in 2020.
However, the government has introduced a new Tax on Securities Accounts that is due again as of next year.
The main change is that the tax is not due per taxpayer if they had one or more securities or brokerage accounts worth more than €500,000. The Tax on Securities Accounts is due per account that is worth more than €1,000,000. The value of the account is calculated as the average on 31 December of the year before last, and on 31 March, 30 June and 30 September of last year. The tax is 0.15%.
This means that a taxpayer who has an account worth more than €1,000,000 still has to pay the tax. However, a taxpayer who has two accounts worth €600,000 will not have to pay the tax anymore.
You must not be too clever, splitting the account in smaller accounts can be disregarded as a tax abuse.
Your tax return:
- the Guide
- Tax filing in Corona Times
- Is this your first time?
- Couples and Children
- When do I need to file?
- on Paper or Online?
- Filing Online
- Filing on Paper
- The Taxman sends a Tax Proposal
- Box I – Contact Details and Bank Account
- Box II – Your Family Situation
- Box III – Real Estate
- Box IV – Earnings
- Box V – Pensions
- Cross Border Taxation
- Box VI – Maintenance Received
- Box VII – Investment Income
- Box VIII – Maintenance Paid and Losses from Previous Years
- Box IX – Mortgage Payments
- Box X – Other Tax Deductions
- Box XII – Paying your Taxes in Advance
- Capital Gains
- Box XIII – Overseas Accounts and Insurance Policies
- Box XIII – Trusts
- Stock Exchange Tax
- Tax on Securities Accounts
- Nowhere to hide
- The Tax Bill
- Appealing the Tax Bill