TOn 25 July 2013, the Belgian Administration published Circular No. Ci.RH.233/625.237 (AAFisc. Nr. 31/2013) on the limitation of exemption from dividend withholding tax for non-resident exempt foreign entities.
The Circular clarifies the implications of a Decree of 20 December 2012, in which it was indicated that an exemption for non-resident non-profit and exempt entities, only remained applicable to pension funds meeting several requirements.
The important clarification of the …