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Update - Belgium Publishes Law for New Annual Securities Account Tax

|Approved Changes|Belgium
Belgium

On 25 February 2021, Belgium published the Law of 17 February 2021 for the introduction of a new annual securities account tax in the Official Gazette. As previously reported, the tax is levied at a rate of 0.15% on the average value of taxable financial instruments in securities accounts held by resident and non-resident individuals, companies, and other legal entities where the average value is greater than EUR 1 million. When applicable, the amount of the tax is limited to 10% of the diff…

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