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International Tax Newsletter - Spring/Summer 2012 - Belgium

CHANGES IN WITHHOLDING TAX RATES

As of 1 January 2012, certain dividend and interest withholding tax rates have been increased:

  • The standard rate of 25% tax withholding tax on dividends has been maintained.
  • Dividends earlier taxed at the favourable rate of 15% and dividend distributions via acquisition of own shares (earlier taxed at 10%) will now be liable to 21% withholding tax.
  • The standard rate of 15% withholding tax on interest has been increased to 21%.
  • Existing exemptions or reductions, both based on internal law (including the advantages of the EU Parent-subsidiary Directive) and Double Tax Treaties remain completely intact.

Private persons having a combined dividend and interest income exceeding EUR 20,000 per annum will be subject to a total of 25% income tax on the excess.


More information on this development can be provided by Chris Peeters, PKF Belgium, through the EisnerAmper contacts listed at the end of this Newsletter 

International Tax Newsletter - Spring/Summer 2012 Issue 

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