Belgian Tax on Stock-Exchange Transactions: Action for Annulment before the Constitutional Court

Olivier Hermand 27 June 2017


Last week, the Belgian financial press referred to an upcoming action for annulment of the Program Act of 25 December 2016 providing for enlarging the scope of the Belgian tax on stock exchange transactions to transactions carried out through foreign financial intermediaries (see among others L’Echo and De Tijd of 20 June 2017).

As per the Constitutional Court website (see Case 6681), an action for annulment has indeed been filed on 21 June 2017 with respect to ‘sections 122 and 123 of the Program Act of 25 December 2016 (amendment of sections 120 and 126/2 of the Code of Sundry Duties and Taxes)’. The Constitutional Court has not made the arguments publicly available yet.

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