Act published modifying the Belgian Net Asset Tax


Update – As announced in our Newsflash of 27 June 2017, the Belgian annual tax on undertakings for collective investment (the Belgian ‘Net Asset Tax’ or ‘NAT’) would be adapted with the following measures:

  • Introduction of a reduced tax rate of 0.01% on institutional share classes of foreign undertakings for collective investment (provided the units in such share classes are subject to the Belgian NAT). This measure applies as from assessment year 2018.
  • Retroactive correction of an overly broad extension of the Belgian NAT scope with respect to some non-publicly offered alternative investment companies under Belgian law.

These anticipated changes have now been introduced by the Program Act of 31 July 2017 (sections 50 to 52), published in the Belgian Official Gazette on 11 August 2017.