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Belgium: Draft law on new capital gains tax on financial assets approved by government

New capital gains tax would be introduced on January 1, 2026

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July 24, 2025

The government approved a draft law introducing a new capital gains tax on financial assets in alignment with the coalition agreement.

Under the new law, a new capital gains tax on financial assets (generally imposed at a 10% rate) would be introduced on January 1, 2026. The tax would be applicable to individuals and to not-for-profit entities (i.e., legal entities subject to the Belgian legal entities taxation, with the exception of entities recognized to receive tax-deductible donations), but not to companies.

The draft law will now be sent to the Council of State for legal vetting. Parliamentary adoption is expected in September at the earliest.

Read a July 2025 report prepared by the KPMG member firm in Belgium

Read also a July 2025 report prepared by the KPMG member firm in Belgium that provides a summary of the new tax.

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