The Belgian government has introduced a subscription tax of 0.15% on securities accounts. What is this new tax and who does it apply to? In a video interview, Bernard Goffaux, Head of Estate Planning at Banque de Luxembourg, outlines the details of this new tax. (in French)

How much is this tax?

Individuals with one or more securities accounts which hold securities with a value of EUR 500,000 or more will now be charged a securities account subscription tax of 0.15%.
 

What investments does this tax apply to?

The new tax applies to all financial instruments which may be held in a securities account:

• listed or unlisted shares
• share or bond certificates
• trackers
• exchange traded funds (ETF)
• listed or unlisted bonds
• structured products
• units in mutual funds (FCP) or open-ended investment companies (SICAV)
• savings certificates
• warrants.
• 
   

What investments are exempt from this tax?

• cash
  (such as call accounts, savings accounts, time deposits)
• securities registered directly with the issuer
• life insurance contracts
• pension savings.

Bernard Goffaux
Responsable Estate Planning

Contact us to find out more about the impacts of this new tax on your personal position.

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