Belgium: Withholding tax exemption extended | KPMG Global
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Belgium: Withholding tax exemption extended, dividends paid to Swiss companies

Belgium: Withholding tax exemption extended

Belgium has extended a withholding tax exemption for dividends paid to companies in certain non-EU countries—now including Switzerland.


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Dividends paid to companies in non-EU tax treaty countries can benefit from the Belgian withholding tax exemption if that treaty (or any other treaty) provides for the exchange of information necessary under applicable rules. Previously, the tax treaty with Switzerland did not meet that condition. 

Switzerland recently ratified the OECD/Council of Europe convention on mutual administrative assistance in tax matters. The convention provides for such an exchange of information, effective with its entry into force on 1 January 2017. Accordingly, dividends paid to a Swiss company can benefit from Belgium's withholding tax exemption as from 1 January 2017, provided that certain conditions are met.


Read an October 2016 report prepared by the KPMG member firm in Belgum: Dividends paid to Swiss companies can benefit from internal withholding tax exemption as from 1 January 2017 

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