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Changes in Belgian pension tax legislation

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Non-resident employers will be exempted from pensions tax in Belgium. This legislative proposal has been approved by Belgium’s Council of Ministers and aims to position Belgium as the jurisdiction of choice for European pensions.
Belgian Finance Minister Johan Van Overtfeldt has proposed the bill in which pensions provided by insurance companies based in Belgium will not be subject to tax as long the individual to which the pension belongs does not perform any taxable activities in Belgium. The bill has already been approved by the Council of Ministers earlier this month.
To qualify for the exemption, pension companies are required to report information about the fund to the Finance Ministry on an annual basis.
According to a government statement, these changes are expected to confirm Belgium’s already strong reputation as “the ideal location for pan-European pension funds.”
The new rules are due to be introduced on January 1, 2017.

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