Corporate tax alert (15/05/2013)
New dividend withholding tax exemption for dividends paid by Belgian institutional investment companies to non-resident investor
Until recently, only dividends distributed by Belgian public and real estate investment companies to non-resident investors enjoyed a domestic withholding tax exemption. This brought unequal treatment when compared to institutional investment companies, for which only (deemed dividends further to) share buy-backs qualified for withholding tax exemption.
In an attempt to increase Belgium’s attractiveness for institutional investors, Belgian legislation has recently extended the above mentioned withholding tax exemption to dividends distributed by Belgian institutional (i.e. non-public) investment companies.
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