Equities - rates, eligibility, availability of relief etc. - Belgium (Securities held in CBF)
Withholding Tax
| Standard rate of withholding tax: | 30% | Holding requirements / restrictions: | No |
As of 1 January 2017, the standard rate of withholding tax on dividend payments made on Belgian equities deposited with Euroclear Belgium is 30%.
Eligible beneficial owners are, upon submission of the required certification, entitled to relief at source or a quick/standard refund depending on their status.
Availability of relief
Click on the image for a larger view of the diagram showing the availability of relief at source and/or reclaim of withholding tax on income from Belgian equities deposited with Euroclear Belgium.
| Eligible beneficial owners | Relief at Source | Quick Refund | Standard Refund |
Residents of Double Taxation Treaty (DTT) countries | No | Yes | Yes |
Supranational or international organisations | Yes | Yes | Yes |
Non-resident pension funds | Yes | Yes | Yes |
Foreign companies holding “qualifying” participation | Yes | Yes | Yes |
For supranational or international organisations, non-resident pension funds and foreign companies holding “qualifying” participation exemption at source from withholding tax or reduced withholding tax rate on dividends from Belgian equities is applied, upon submission of the requested documentation to LuxCSD, automatically on the entire customer entitlement for all dividend payments. No further action is required from customers in order to receive gross payments.
For residents of DTT countries, relief at source from withholding tax on dividends from Belgian equities is not available in the Belgian market.
A quick refund is available for all eligible beneficial owners, provided that the appropriate documentation is submitted to LuxCSD.
A standard refund is available if a quick refund has not been obtained by an eligible beneficial owner. The customer can reclaim withholding tax on behalf of the beneficial owner through LuxCSD by submitting the appropriate documentation.