News articles written by Olivier Hermand

A great jumpstart to 2022: Belgium adopts a new tax framework for ELTIFs

14 January 2022

Before Christmas, there was good news on the tax and economic front: a draft law on various tax provisions proposing to extend the tax regime of Belgian regulated investment funds to “European long-term investment funds” (ELTIFs) was presented to parliament.  The draft law was adopted yesterday, meaning that Belgium’s now well-equipped with the appropriate investment

Santa Claus has brought us a new tax framework for ELTIF investment funds to boost our Belgian economy !

22 December 2021

Some good news on the tax and economic fronts. Belgium is getting equipped with the appropriate investment vehicle for its long-term financing needs in private-public infrastructure, SMEs, digitalisation, greening of the economy, social projects, etc. The draft law on various tax provisions currently before the parliament proposes to extend the tax regime of Belgian regulated

Implementing rules to the tax on securities accounts

24 August 2021

The royal decree of 6 August 2021 with regard to the declaration, payment and various rules relating to the annual tax on securities accounts has been published on 23 August 2021. It directly enters into force. It provides for the following: The rules for electronic filing of tax returns (and, alternatively, paper filing) and payment

Belgian tax on securities accounts: Belgian insurers are on the offensive

18 August 2021

On 16 August 2021, Assuralia, the Belgian professional union of insurance undertakings introduced an action for partial annulment of article 4 of the law of 17 February 2021 (Official Journal of 25 February 2021) introducing an annual Tax on Securities Accounts (TSA) in the Belgian Code of Various Duties and Taxes (CVDT). The role number

New Administrative Circular regarding the Belgian Tax on Savings Income – Asset Test and BTIS computation in case of funds of funds

11 June 2021

On June 10, 2021, the Belgian tax administration has issued the Administrative Circular number 2021/C/56 regarding the Belgian Tax on Savings Income (“BTSI” hereafter – article 19bis of the Belgian Income Tax Code). Circulaire 2021/C/56 – French Circulaire 2021/C/56 – Dutch The main objective of the above-mentioned circular is to highlight methodological points regarding the

New Tax on Securities Accounts: Exemptions for the Financial Sector

13 January 2021

On 5 January 2021, the Government published its bill introducing an annual tax on securities accounts in the Code of Various Duties and Taxes. As a recall, the tax is an annual tax on the holding of a securities account, levied at the rate of 0.15% on the average value of the account in excess