Equities - rates, eligibility, availability of relief etc. - Belgium (securities held in BNP Paribas S.A.)
Withholding Tax
| Standard rate of withholding tax: | 30% | Holding requirements / restrictions: | No |
As of 1 January 2017, the standard rate of withholding tax on dividend payments made on Belgian equities deposited with Euroclear Belgium is 30%.
Eligible beneficial owners are, upon submission of the required certification, entitled to standard refund depending on their status.
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 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 for a larger view of the diagram showing the availability of reclaim of withholding tax on income from Belgian equities deposited with Euroclear Belgium.
| Eligible beneficial owners | Relief at Source | Quick Refund | Standard Refund |
Residents of Double Taxation Treaty (DTT) countries | N/A | N/A | Yes |
Supranational or international organisations | N/A | N/A | Yes |
Non-resident pension funds | N/A | N/A | Yes |
Foreign companies holding “qualifying” participation | N/A | N/A | Yes |
A standard refund is available. The customer can reclaim withholding tax on behalf of the beneficial owner through Clearstream Banking by submitting the appropriate documentation.