Belgium introduces a wealth tax with new tax on securities accounts
As announced in a previous article, the Belgian government wants to introduce a new tax in succession to the annulled tax on securities accounts. The final draft bill of this new tax has now been submitted to Belgian parliament.
Whereas in the declaration of intent, the new tax was presented as a solidarity tax, as a fair contribution from the persons with the most financial strength, the Belgian government now lays her cards on the table in the final draft bill. The successor of the (annulled) tax on securities accounts will be… a (new) tax on securities accounts 2.0, a wealth tax, not necessarily limited to the persons with the most financial strength.
Belgian financial institutions must prepare for an exodus of foreign investors, Belgian investors will prefer foreign insurance companies over Belgian insurance companies when the tax is introduced.

Barbara Albrecht
Senior associate Attorney at LawBarbara Albrecht, attorney at law, is a member of the Family Owned Business & Private Wealth Practice Group in our Brussels office.
T: +32 2 773 23 71 E: barbara.albrecht@loyensloeff.comSaskia Lust
Partner Attorney at LawSaskia Lust is a partner in our Brussels office. She co-heads the Family Owned Business & Private Wealth Team in Belgium. She focuses on international asset structuring.
T: +32 2 700 10 27 E: saskia.lust@loyensloeff.comNicolas Bertrand
Partner Attorney at LawNicolas Bertrand is a partner in our Brussels office. He co-heads the Loyens & Loeff Family Owned Business & Private Wealth Practice Group in Belgium.
T: +32 2 773 23 46 E: nicolas.bertrand@loyensloeff.comEléonore van der Loos
Associate Attorney at LawEléonore van der Loos, attorney at law, is a member of the Family Owned Business & Private Wealth Practice Group in our Brussels office.
T: +32 2 773 23 15 M: +32 4 77 70 68 50 E: eleonore.van.der.loos@loyensloeff.comVictoria Herrebout
Associate Attorney at LawVictoria Herrebout, attorney at law, is a member of the Family Owned Business and Private Wealth practice group in our Brussels office.
T: +32 2 773 23 96 E: victoria.herrebout@loyensloeff.com