Belgium’s Proposed Capital Gains Tax on Financial Assets
I. Introduction: from political intention to legislative reality For decades, Belgium has been an outlier in Europe by not levying a general capital gains tax on financial assets held as private wealth. That exceptional position is now formally coming to an end. With the filing in Parliament on 17 December 2025 of a 272-page bill introducing a capital […]
Belgium’s Proposed Capital Gains Tax on Financial Assets
Introduction Despite its overall high tax burden, Belgium was one of the few countries worldwide that didn’t have a general capital gains tax for individuals. The introductions of a capital gains tax by the Arizona coalition thus marks a significant shift in tax policy. Starting 1 januari 2026, capital gains on shares & other financial […]