Saturday , May 15 2021

Belgian state accuses again with savings account

The tax authorities will resume the trial in connection with the savings account exemption.

The Bruges Court of First Instance ruled that Belgium should exempt foreign booklet imports from pre – taxation. The administration plans to appeal.

> Savings in Belgium more than 27 billion euros

Deposits are again on the fingers of taxes because of savings account exemption. L & # 39; In the ruling passed on January 8, when Echo was available for consultation, the Bruges Court sentenced the Belgian state to waive the withholding tax.

According to the law, interest on savings accounts is exempt from withholding tax (up to € 980). In principle, this exemption applies not only to Belgian bank accounts but also to foreign savings accounts. However, if you adhere to a "standard" similar to a Belgian account, a legitimate document will be provided. In practice, however, the tax authorities waive the withholding tax on foreign book holders, but because there is no evidence that they have complied with these conditions, Echo explains.

Tax management task

The European Court of Justice (CJEU) has already blamed Belgium twice in 2013 and 2017 for this discrimination that hinders its Belgian clients the freedom to provide foreign banking services.

The tax authorities are already considering challenging this conviction. "The judge is not absolutely helpful in making decisions about the critical point of this case" L & # 39; Echo says Florence Angelici, spokesman for the Federal Public Service of Finance.

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