Hello eupersonalfinance,
Original dutch post @
Some question for the Belgian people in the community. I have an account @ DeGiro where I deposit some money every month in a IWDA ETF (free because it's their core selection). But I have not yet decided how I can make my porfolio/mindset more robust. It can be a percentage of cash reserves / Obligation / monthly cash flow through dividends.
Aside from my DeGiro account (Dutch broker), I also have an account at Bolero (Belgian broker/bank). I'm trying to find as much as information as possible before deciding my strategy.
How does the Belgian withholding taxation work:
Belgium has treaty's with multiple country's. Already found quite some information here (Dutch) : https://www.test-aankoop.be/invest/fiscaliteit-en-wetgeving/belastingheffing/dossiers/belasting-van-buitenlandse-dividenden/belasting-van-buitenlandse-dividenden I have copied a couple of examples.
Share
Share domicile
Source withholding tax
Belgium withholding tax
Final withholding tax
CPINV
Belgium
N/A, Belgium share
15% (because BE-REIT in care sector)
15%
SPDR S&P Euro Dividend Aristocrats UCITS ETF
Ireland
20% or 0%
30%
44% or 30%
Coca-Cola
US
30% or 15%
30%
51% of 40,5%
SPDR S&P US Dividend Aristocrats UCITS ETF
Ireland
20% or 0%
30%
44% or 30%
Questions in regards to the Belgian withholding tax:
Original dutch post @
Some question for the Belgian people in the community. I have an account @ DeGiro where I deposit some money every month in a IWDA ETF (free because it's their core selection). But I have not yet decided how I can make my porfolio/mindset more robust. It can be a percentage of cash reserves / Obligation / monthly cash flow through dividends.
Aside from my DeGiro account (Dutch broker), I also have an account at Bolero (Belgian broker/bank). I'm trying to find as much as information as possible before deciding my strategy.
How does the Belgian withholding taxation work:
Belgium has treaty's with multiple country's. Already found quite some information here (Dutch) : https://www.test-aankoop.be/invest/fiscaliteit-en-wetgeving/belastingheffing/dossiers/belasting-van-buitenlandse-dividenden/belasting-van-buitenlandse-dividenden I have copied a couple of examples.
CPINV
Belgium
N/A, Belgium share
15% (because BE-REIT in care sector)
15%
SPDR S&P Euro Dividend Aristocrats UCITS ETF
Ireland
20% or 0%
30%
44% or 30%
Coca-Cola
US
30% or 15%
30%
51% of 40,5%
SPDR S&P US Dividend Aristocrats UCITS ETF
Ireland
20% or 0%
30%
44% or 30%
Questions in regards to the Belgian withholding tax:
- Does DeGiro withhold the Belgian tax?
- Does DeGiro withhold the correct Belgian tax? For example, general withholding tax is 30%. BE-REIT's which focus in the care sector are only taxed 15%.
- If DeGiro does not withhold this tax, this means I have to declare it in my personal income taxes? . Does anybody know where? And what do you enter? The full dividend amount? Or the taxes you should pay?
- I assume that Bolero (as a Belgian bank/broker) will do this for sure ?
- The paid Belgian withholding tax can be entered in my personal finances to enjoy the tax reduction on withholding tax?
- How can I benefit from the double taxation treaty's? For US shares @ DeGiro ==> I have to fill in a W8-BEN form. But what about the other countries? Is this done automatically by DeGiro and Bolero?
- Does Bolero have an advantage over DeGriro in regards to correct taxation?
- Who deduct's the source withholding tax? Could someone write up an example for an ETF/Share from Ireland/US? For example:
- Coca cola deducts withholding tax of 30%
- DeGiro recuperates 15% because of the taxation treaty
- From the remainder, DeGiro will subtract again 30% for the Belgian withholding tax
- I don't have to do anything