Belgium: Tax exemption for dividends for 2019, set at €800

Belgium: Tax exemption for dividends for 2019

A tax exemption is available for dividends paid or allocated from 1 January 2019 at the established amount of €800.


Beginning 1 January 2018, dividends have benefited from partial exemption from withholding tax via the annual individual (personal) income tax return. The goal is to encourage direct investment in companies. The measure therefore applies to dividends from individual shares, Belgian or foreign, but does not apply for the following dividends:

  • Dividends distributed by legal arrangements or received through them
  • Dividends from collective investment undertakings
  • Dividends received through mutual funds
  • Interest reclassified as dividends
  • Liquidation and redemption bonuses

Taxpayers can also claim the tax exemption for income of a foreign origin for which there has been no withholding of tax.

Regarding non-residents, they will be able to request the exemption through their non-resident tax declaration or by means of a specific procedure if made no later than 31 December of the year following the year of income during which the dividends were received.

Read a September 2020 report (French) prepared by the KPMG member firm in Belgium

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