FAQ

• A new legislation on the taxation of savings?
  
• Why this new legislation? Resources?
  
• Exchange of information? Taxation at the source?
  
• Which percentage will be applied as SRT? Quid with the Belgian withholding tax?
  
• How about the Bank confidentiality?
  
• Is this related to me? If yes, what does it involve?
  
• Which are the concerned investments or credit balances?
  
• On which part of the income from an investment fund does the SRT apply?
  

  In principle the new legislation aims at all income from credits if these are received after payment of an interests (coupon), or by means of transfer, purchase or repayment of a credit (interest which is integrated in the realized surplus value).

  The part of the aimed income might be reduced in function of the time that you have the credits or the investment fund in your possession. Part of the income incorporated in a dividend of an investment fund or payment as a result of a transfer, a take-over or a disbursement of part of an investment fund can be diminished in function of the composition of the investment fund.

  Finally, the income, which will be taken into account, is limited to the production after July 1st 2005.

• How can I avoid State of residence tax?
  
• Can I recover the SRT or deduct it from other taxes?