Equities - Double Taxation Treaties concluded by Belgium and currently in force

20.10.2020

Note: Clearstream Banking provides these rates for information purposes only and does not guarantee that this information is correct, complete and accurate. Clearstream Banking does not assume liability for any damages, direct or indirect, that may arise from the reliance on or the use of this information. The rate as prescribed in the DTT assumes that the beneficial owner does not hold a substantial percentage of the share capital of the company paying the dividend. Different rates may apply for substantial holdings. Please refer to the actual DTT or your tax advisor for further information.

The standard rate of withholding tax on dividends as of 1 January 2017 is 30% before any refund.

From 1 January 2016 to 31 December 2016 the standard withholding tax rate on dividend payments was 27%.

The prescribed form for tax refunds is, in all cases, Form 276-Div.Aut.

CountryRate prescribed
by the DTT -
Dividends (%)		Tax refund
available (%)

Albania

15

15

Algeria

15

15

Argentina

15

15

Armenia

15

15

Australia

15

15

Austria

15

15

Azerbaijan

15

15

Bahrain 

10

20

Bangladesh

15

15

Belarus

15

15

Bosnia-Hertzegovina

15

15

Brazil

15

15

Bulgaria

10

20

Canada

15

15

Chile

15

15

China

10

20

Congo

10

20

Croatia

15

15

Cyprus

15

15

Czech Republic

15

15

Denmark

15

15

Ecuador

15

15

Egypt

20

10

Estonia

15

15

Finland

15

15

France

15

15

Gabon

15

15

Georgia

15

15

Germany

15

15

Ghana

15

15

Greece

15

15

Hong Kong

15

15

Hungary

10

20

Iceland

15

15

India

15

15

Indonesia

15

15

Ireland

15

15

Israel

15

15

Italy

15

15

Ivory Coast

15

15

Japan a

10

20

Kazakhstan

15

15

Kosovo

15

15

Kuwait

10

20

Kyrgyzstan

15

15

Latvia

15

15

Lithuania

15

15

Luxembourg

15

15

Malaysia

15

15

Malta

15

15

Mauritius

10

20

Mexico

10

20

Moldova

15

15

Mongolia

15

15

Montenegro

15

15

Morocco

10

20

Netherlands

15

15

New Zealand

15

15

Nigeria

15

15

North Macedonia

15

15

Norway

15

15

Pakistan

15

15

Philippines

15

15

Poland

10

20

Portugal

15

15

Romania

15

15

Russia

10

20

Rwanda

15

15

San Marino

15

15

Senegal

15

15

Serbia

15

15

Seychelles1515

Singapore

15

15

Slovakia

15

15

Slovenia

15

15

South Africa

15

15

South Korea

15

15

Spain

15

15

Sri Lanka

15

15

Sweden

15

15

Switzerland

15

15

Taiwan

10

20

Tajikistan

15

15

Thailand

20

10

Tunisia

15

15

Turkey

20

10

Turkmenistan

15

15

Ukraine

15

15

United Arab Emirates

10

20

United Kingdom

10

20

U.S.A.

15

15

Uruguay

15

15

Uzbekistan

15

15

Venezuela

15

15

Vietnam

15

15

----------------------------------------------------
a. Effective 1 January 2020; previous rate 15%.

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