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Transaction Tax

What is the Belgian Financial Transaction Tax (Belgian FTT)?

Answer
In general, the Belgian financial intermediary is liable to pay Belgian FTT. In case transactions are executed by a foreign financial intermediary, the taxpayer status is generally shifted to the Belgian resident individual or corporate entity. The Belgian resident is however relieved of his obligation to pay the tax if the foreign financial intermediary pays on his/her behalf.

DEGIRO collects Belgian FTT from its Belgian resident clients. DEGIRO then pays and reports the Belgian FTT to the Belgian tax authorities. Belgian resident clients can however choose to calculate and pay the tax and furnish the preparation and filing of a Belgian FTT tax return themselves.

Belgian FTT applies to financial instruments issued by Belgian and non-Belgian resident companies. The financial instruments in scope include, but are not limited to, shares, ETFs, bonds, contractual fund participations, shares in investment companies, and certificates. Transactions in CFDs and futures are not included in the scope.

The taxable event includes both the buy as well as the sell transaction when it takes place in exchange for a consideration (payment) and is executed on the secondary market (for example, an exchange).

For example, the purchase or sale of a share on the exchange is subject to Belgian FTT. Conversely, the purchase of a call option is not subject to Belgian FTT, however the acquisition of the underlying stock upon exercise or assignment of the option is subject to Belgian FTT. Additionally, the redemption of a share in an accumulating investment company is also considered a taxable event.

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DEGIRO is the first wholesale broker for private investors. An online investment platform for all types of investors. DEGIRO enables its customers to invest worldwide at unprecedented low rates. DEGIRO is investing globally for everyone. Previously, investing was often limited to stock exchanges in Europe or the United States. Through one platform, all DEGIRO investors gain access to products and markets worldwide. This means that private investors can spread their investments much better. DEGIRO fits perfectly with the investor who manages his business online. For us, customers do not pay for the salary of unnecessary staff. DEGIRO takes away the last difference between professional and private investors; the fees. Essential for the return of private investors.

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