Belgium made changes in tax rates

04.12.2012

November 21, 2012 the Belgian Government submitted tax changes that had planned in the budget for 2013.

If it would be adopted, these measures will take effect from next year.

The proposed measures are as follows:

- Withholding tax on dividends of 25%

- Increase the capital gains tax to 0.4%

- Withholding tax on payment of interest will be increased from 21% to 25%

- Dividends paid to companies investing in real estate (Sicafi / Vastgoedbevaks), will be subject to 15% tax.

On the basis of: http://www.belgium.be/

Expert’s opinion

"In the first week of September Bernard Arnault has filed an application for Belgian citizenship in order to get away from the 75% taxes in France.

Brussels has worked surprisingly quickly! In the first week of December, Belgium raised the rates! Three months only!

The desire to profit at the expense of the rich Frenchman is likely to be the subject of additional jokes.

But even in this variant Belgian taxes are much more attractive than the French.

Rich people who live in France or going to migrate there, it is worth considering.

While the Socialists in power - it is better to live in Brussels. "

Yaroslav Lomakin ( Managing partner of “Honest&Bright” company.)