News articles written by Olivier Hermand

Belgian tax reform: impact on the FS industry

31 July 2017

On 26 July 2017, the Belgian federal government reached an agreement on an important corporate tax reform. The contemplated changes go far beyond corporate tax as they also have a direct impact on the taxation of financial products, hence on the FS industry in general. Wealth Management Belgian Tax on Savings Income (art. 19bis ITC)

Reduced Belgian net asset tax rate soon also for foreign institutional funds

27 June 2017

A recent bill of law on various financial and tax provisions aims at adapting the Belgian annual tax on undertakings for collective investment (the Belgian ‘Net Asset Tax’ or ‘NAT’), in particular at the level of the tax rate applicable to foreign institutional funds. As a reminder, the Belgian NAT standard rate is currently 0.0925%.

Belgian Tax on Stock Exchange Transactions: Capitalising v. Distributing Shares

22 June 2017

The Finance Minister recently commented on the definition of capitalising v. distributing shares of an investment company in the framework of the Belgian Tax on Stock Exchange Transactions. According to the Minister, the distinction between “distributing shares” and “capitalising shares” for the purposes of the tax on stock exchange transactions corresponds in principle to the

Belgian Tax on Stock Exchange Transactions: FAQ published

26 April 2017

The Belgian tax administration has just published a list of Frequently Asked Questions (FAQ) on the webpage dedicated to the Belgian Tax on Stock Exchange Transactions (French / Dutch). This publication is quite important as it not only covers issues connected to the recent extension of the scope of the tax but also clarifies some ‘pre-existing’

Belgian Tax on Stock Exchange Transactions: deadline extension for the first reporting & details on registration of responsible representative

28 February 2017

Yesterday, the Ministry of Finance has issued a statement (FR/NL) confirming that the deadline for foreign intermediaires to report and pay the Belgian TSET on the transactions carried out during the period January 2017 to April 2017 was extended to 30 June 2017. A similar extension has been confirmed for principals residing or established in

Belgian Tax on Stock Exchange Transactions: official form available

6 February 2017

The tax administration has just published the new official form for the Belgian Tax on Stock Exchange Transactions (TSET), further to its recent scope extension (French/Dutch). More information about the TSET reporting and payment can be found on the dedicated webpage (French/Dutch) of the FPS Finance. A Royal decree and FAQs are expected in the coming

Innovation income deduction, an opportunity for the financial sector!

6 February 2017

The new corporate income tax regime labelled as ‘innovation income deduction’ (IID) is about to be enacted. Given its new scope of application, it opens new opportunities for the FS sector in Belgium. Indeed, the IID regime is now applicable to a broader range of intellectual property (IP) assets and, as such, could be of interest