FAQ

• A new legislation on the taxation of savings?
  
• Why this new legislation? Resources?
  
• Exchange of information? Taxation at the source?
  
• Which percentage will be applied as SRT? Quid with the Belgian withholding tax?
  
• How about the Bank confidentiality?
  
• Is this related to me? If yes, what does it involve?
  

  The new (Belgian) legislation aims at physical persons who reside in another member state than Belgium or in certain countries or third territories, hereafter the «involved persons».

  It concerns the 24 EU member states except Belgium, Guernsey, Jersey, the Isle of Man, the British Virgin Islands, Montserrat, the Dutch Antilles and Aruba. The residents of Anguilla and Turks and Caïcos escape the SRT as long as these territories have no income tax.

  Certain physical persons who are a Belgian resident but have preserved their tax residence in their country of origin (like certain EU or international civil servants) might be concerned.

  If you are a concerned person, the SRT will be applied without required intervention of you. On the other hand your intervention could be asked in the identification procedure or to determine that you are no longer concerned (e.g. because you became a Belgian resident).

• Which are the concerned investments or credit balances?
  
• On which part of the income from an investment fund does the SRT apply?
  
• How can I avoid State of residence tax?
  
• Can I recover the SRT or deduct it from other taxes?