Belgium Parliament Approves Bill to Introduce Capital Gains Tax on Financial Assets

The Belgian Chamber of Representatives April 3 approved Bill No. 56K1244001, to introduce a capital gains tax on financial assets and amend the Income Tax Code 1992. The bill includes measures to: 1) introduce a general 10 percent tax on capital gains realized by individuals and certain legal entities on transfers of financial assets for consideration, with an annual tax free allowance of 10,000 euros (US$11,708) and an exemption for gains accrued before Jan. 1, 2026, based on a Dec. 31, 2025, reference value; 2) define the scope of taxable financial assets to include financial instruments, certain insurance investment contracts, ...