Belgium has published a notice announcing that the Council of Ministers approved a draft law on 2 November 2020 for the introduction of a new annual securities account tax.
The tax would be levied at a rate of 0.15% on the average value of taxable financial instruments in securities accounts held by resident and non-resident individuals, companies, and other legal entities where the average value is greater than EUR 1 million. When applicable, the amount of the tax is limited to 10% of the…