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


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 classification of the share in the context of financial information disseminated under the control of the Financial Services and Markets Authority (FSMA), such as prospectuses or the Key Investor Information Document (KIID). Professional intermediaries and investors may rely on this information to fulfil their tax reporting and payment obligations.

To access the full text of the written Q&A, follow this link (p. 76-77).