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.Β  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.Β 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:

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