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Belgian Lawmakers Approve New Tax On Securities Trading

Monday, February 22, 2021

At a plenary session on February 11, 2021, Belgium's parliament adopted a draft law for a new annual tax on securities accounts.

The tax will be levied on legal and natural persons with investments of more than EUR1m in securities and derived products.

The tax would be charged through taxpayers' securities accounts provided by intermediaries. It would apply to Belgian individual taxpayers, whether or not they are resident in Belgium, and to legal entities.

The law features a 0.15 percent rate, to be levied annually on the average value of the holdings. The tax will only apply where the average value of holdings was EUR1m or more during the year. A taxpayer's liability is limited to no more than 10 percent of the difference between the EUR1m threshold and the average value of their holdings.