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Economy and Banking Sector of Belgium

Withholding Tax

Withholding taxes are imposed at source of income and are often applied to dividends, interest, royalties, rent and similar payments. The rates of withholding tax are often reduced by double taxation agreements.

Withholding Tax Rates in Belgium: 0.0 - 25.0%

Withholding tax rates applied on payments of interest and dividends in Belgium are shown in Table 1.

Dividends Interest
Natural Persons (residents) 0.0 %0.0 %
Natural Persons (non-residents) 5.0 %10.0 %
Table 1. Withholding tax rates in Belgium.

Double Taxation Agreements

Double Taxation Agreement (DTA) is an agreement between two or more countries for the avoidance of double taxation.

DTAs of Belgium: 100 Signed Agreements

Belgium signed DTAs which already came info force with the following jurisdictions:

AL Albania
DZ Algeria
AR Argentina
AM Armenia
AU Australia
AT Austria
AZ Azerbaijan
BD Bangladesh
BY Belarus
BA Bosnia and Herzegovina
BR Brazil
BG Bulgaria
CA Canada
CL Chile
CN China
CI Cote D'Ivoire
HR Croatia
CY Cyprus
CZ Czech Republic
DK Denmark
EC Ecuador
EG Egypt
EE Estonia
FI Finland
FR France
GA Gabon
GE Georgia
DE Germany
GH Ghana
GR Greece
HK Hong Kong
HU Hungary
IS Iceland
IN India
ID Indonesia
IE Ireland
IL Israel
IT Italy
JP Japan
KZ Kazakhstan
KR Korea, Republic of
KW Kuwait
KG Kyrgyzstan
LV Latvia
LT Lithuania
LU Luxembourg
MK Macedonia
MY Malaysia
MT Malta
MU Mauritius
MX Mexico
MD Moldova, Republic of
MN Mongolia
ME Montenegro
MA Morocco
NL Netherlands
NZ New Zealand
NG Nigeria
NO Norway
PK Pakistan
PH Philippines
PL Poland
PT Portugal
RO Romania
RU Russian Federation
RW Rwanda
SM San Marino
SN Senegal
RS Serbia
SG Singapore
SK Slovakia
SI Slovenia
ZA South Africa
ES Spain
LK Sri Lanka
SE Sweden
CH Switzerland
TJ Tajikistan
TH Thailand
TN Tunisia
TR Turkey
TM Turkmenistan
UA Ukraine
AE United Arab Emirates
GB United Kingdom
US United States
UZ Uzbekistan
VE Venezuela
VN Vietnam

There are also several agreements between Belgium and other jurisdictions which were signed but haven't yet come into force:

BH Bahrain
CD Congo, The Democratic Republic of the
IM Isle of Man
MO Macau
MK Macedonia
OM Oman
QA Qatar
SC Seychelles
TJ Tajikistan
UG Uganda
UY Uruguay

Information Exchange

There are 3 ways for jusrisdictions to exchange information on tax matters:

  • spontaneously;
  • on request;
  • automatically.

Spontaneous exchange of information is provision of information that is forseeably relevant to another party without a request being previously sent.

Tax Information Exchange Agreements (TIEAs) enable exchange of information on request relating to a specific tax investigation, either criminal or civil.

Automatic information exchange allows jurisdictions to exchange information automatically, without having a specific tax investigation.

Exchange on Request: 17 Signed Agreements

Belgium signed TIEAs which already came info force with the following jurisdictions :

GI Gibraltar
KN Saint Kitts and Nevis

There are also several agreements between Belgium and other jurisdictions which was signed but haven't yet come into force:

AD Andorra
AI Anguilla
AG Antigua and Barbuda
BS Bahamas
BZ Belize
BM Bermuda
KY Cayman Islands
DM Dominica
GD Grenada
GG Guernsey
LI Liechtenstein
MC Monaco
MS Montserrat
LC Saint Lucia
VC Saint Vincent and The Grenadines

Automatic Exchange: Starts in September 2017

Belgium signed the automatic information exchange agreement on 29 October 2014 and committed to start the automatic information exchange in September 2017.

Automatic Excnange: 58 Bilateral Agreements to Receive Information

Belgium has signed bilateral agreements with 58 jurisdictions to automatically receive information:

AD Andorra
AR Argentina
AU Australia
AT Austria
BQ Bonaire, Saint Eustatius and Saba
BR Brazil
BG Bulgaria
CA Canada
CN China
CO Colombia
HR Croatia
CY Cyprus
CZ Czech Republic
DK Denmark
EE Estonia
FO Faroe Islands
FI Finland
FR France
DE Germany
GI Gibraltar
GR Greece
GL Greenland
GG Guernsey
HU Hungary
IS Iceland
IN India
IE Ireland
IM Isle of Man
IT Italy
JP Japan
JE Jersey
KR Korea, Republic of
LV Latvia
LI Liechtenstein
LT Lithuania
LU Luxembourg
MY Malaysia
MT Malta
MU Mauritius
MX Mexico
MC Monaco
NL Netherlands
NZ New Zealand
NO Norway
PL Poland
PT Portugal
RO Romania
SM San Marino
SC Seychelles
SG Singapore
SK Slovakia
SI Slovenia
ZA South Africa
ES Spain
SE Sweden
CH Switzerland
GB United Kingdom
UY Uruguay

Automatic Excnange: 70 Bilateral Agreements to Send Information

Belgium has signed bilateral agreements with 70 jurisdictions to automatically send information:

AD Andorra
AI Anguilla
AR Argentina
AU Australia
AT Austria
BZ Belize
BM Bermuda
BQ Bonaire, Saint Eustatius and Saba
BR Brazil
VG British Virgin Islands
BG Bulgaria
CA Canada
KY Cayman Islands
CN China
CO Colombia
CR Costa Rica
HR Croatia
CY Cyprus
CZ Czech Republic
DK Denmark
EE Estonia
FO Faroe Islands
FI Finland
FR France
DE Germany
GI Gibraltar
GR Greece
GL Greenland
GG Guernsey
HU Hungary
IS Iceland
IN India
ID Indonesia
IE Ireland
IM Isle of Man
IT Italy
JP Japan
JE Jersey
KR Korea, Republic of
LV Latvia
LI Liechtenstein
LT Lithuania
LU Luxembourg
MY Malaysia
MT Malta
MU Mauritius
MX Mexico
MC Monaco
MS Montserrat
NL Netherlands
NZ New Zealand
NO Norway
PL Poland
PT Portugal
RO Romania
LC Saint Lucia
VC Saint Vincent and The Grenadines
WS Samoa
SM San Marino
SC Seychelles
SG Singapore
SK Slovakia
SI Slovenia
ZA South Africa
ES Spain
SE Sweden
CH Switzerland
TC Turks and Caicos Islands
GB United Kingdom
UY Uruguay

Further Information

FATCA

Foreign Account Tax Compliance Act (FATCA) which became law in the United States in March 2010, focuses on reporting made by foreign financial institutions about financial accounts held by US taxpayers or foreign entities in which US taxpayers hold a substantial ownership interest. The FATCA-reporting is facilitated by Intergovernmental Agreements (IGAs).

FATCA Status in Belgium
IGA in effect since 23 April 2014, Model 1

Belgium has FATCA agreement with the U.S. in effect since 23 April 2014 (Intergovernmental Agreement Model 1). Financial institutions operating in Belgium are required to identify U.S. taxpayers by January 1, 2017 and to report the information for 2017 and the subsequent years. The agreement is reciprocal: Belgian financial accounts hold in U.S. financial institutions will be reported to Belgian authorities.

Further Information