Debt securities - rates, eligibility, availability of relief etc. - Belgium (securities held in BNP Paribas S.A.)
Withholding Tax
Belgian debt securities deposited with Euroclear Belgium
| Standard rate of withholding tax: | 30% | Holding requirements / restrictions: | No |
As of 1 January 2017, the standard rates of withholding tax on interest on all Belgian debt securities deposited with Euroclear Belgium is 30%.
Eligible beneficial owners are, upon submission of the required certification, entitled to a standard refund.
Availability of relief
Since 24 June 2019, Clearstream Banking has been using Clearstream Banking A.G (CBF) instead of BNP Paribas Securities Services as Investor-CSD to access further ESES T2S eligible securities in T2S. Please refer to A19055 for further details.
No relief at source/quick refund is available through BNP Paribas Securities Services (BNP) any longer. Only standard refund on dividend payments made by BNP until 24 June 2019 are available through BNP.
Click on the image in each case to view a diagram showing the availability of relief at source and/or reclaim of withholding tax on income from Belgian debt securities.
Beneficial owners that are residents of Double Taxation Treaty (DTT) countries or that are supranational or international organisations can reclaim withholding tax on interest from Belgian debt securities using the standard refund procedures.