You are here:
14 February 2018 / news

The Belgian ‘Cayman tax’ and its impact on wealth and estate planning in Belgium

The Belgian ‘Cayman tax’ and its impact on wealth and estate planning in Belgium

Saskia Lust, co-head of our Family Owned Business and Private Client practice, wrote an article on the Belgian ‘Cayman tax’ and its impact on wealth and estate planning in Belgium.

This article, published in the Trusts and Trustees journal of 28 December 2017 (Oxford University Press), is the written reproduction of the presentation Saskia Lust gave at the Benelux STEP Conference in Luxembourg on 26 September 2017.

The Belgian federal government has reinforced the Cayman tax, as part of a “tax-shift”-plan. The Cayman tax is a set of rules in the Belgian income tax code on transparency and taxation of distributions of foreign legal structures: trusts, as well as low-taxed foreign companies and foundations.

Under the proposed measures, insurance contracts can qualify as targeted structures. All distributions made by trusts to Belgian tax residents, are treated as dividends.

The bill has been voted in December 2017 and has entered into force as from 2018. However, certain aspects have entered into force retroactively, as from 17 September 2017.



Update on Economic Analysis and Impact Assessment of the Pillar 1 and Pillar 2 proposals

On 13 February 2020, experts from the OECD’s Centre for Tax Policy and Administration and Economics Department provided an update on the preliminary economic... read more

Overview: MLI choices made by the Netherlands, Belgium, Luxembourg and Switzerland

On 7 June 2017, the multilateral instrument (MLI) was signed covering 68 jurisdictions. In the meantime multiple other jurisdictions have signed the MLI raising... read more
Ceiling - Loyens & Loeff Real Estate

Optional VAT regime for leases

On 1 January 2019, the new optional VAT regime for immovable leases entered into force. For lease agreements that came into effect before 5 December 2019, the... read more
Stay informed

Don't miss out. Stay up to date about our latest news and events.

Stay informed