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Tax Fund Reporting Services

Do you manage savings products distributed in Belgium like SICAV, contractual mutual funds or private equity funds? Are you able to produce the tax data privileged by banks and investors?

Your investment fund tax calculation challenges

The growing complexity of tax matters coupled with an increasing withholding tax rate has made it crucial for investors and Belgian banks alike to obtain granular tax information from their investment funds. As a result, you need accurate Belgian tax figures as a differentiating factor for your investment funds distributed on the Belgian market. 

Benefits of the Funds&Be.Tax computation tool

Our online tax data solution can help

PwC’s Belgian Tax Fund Reporting Services offers plug-and-play online computation libraries to produce the Belgian tax data required for a competitive distribution of your funds on the Belgian market. The tool works ‘out of the box’ and doesn’t require any development on your side.

Our Belgian Tax Fund Reporting Services provides peace of mind for the Belgian tax data computation of your funds, as it’s handled from end-to-end by PwC through automated interfaces with your administrator. Transmission of the results to selected banks or data providers is included.

Your investment fund tax calculation challenges

Benefits of the Belgian Tax Fund Reporting Services computation tool

  • A unique combination of tax knowledge and operational solutions run by our tax experts and IT/OPS specialists

  • Peace of mind regarding the Belgian tax figures you provide your stakeholders

  • Tax watch for fast and accurate reactions and increased agility to cope with the numerous tax and market practice changes

  • Timely updates of the computation methodology in response to changes in tax law or administrative doctrine

Discover what the Belgian Tax Fund reporting services can do for you based on the type of funds you manage

Belgian tax on savings income - how is it calculated?

The Belgian tax on savings income is applicable in case of sale or redemption of shares of undertakings for collective investment - (UCI)/UCI transferable securities (TS) - or in case of liquidation of a UCI(TS) with more than 10% (for shares of UCI and UCITS acquired since 1 January, 2018) or 25% (for shares of UCITS acquired before that date) of assets invested in debt-related assets.

The percentage of the assets of the fund invested in debt-related assets is the so-called Asset Test. This tax only applies to Belgian resident individuals. 

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Income breakdown on a daily basis for individuals and corporate investors

In Belgium, contractual mutual funds are considered fiscally transparent. As a result, Belgian (corporate or individual) investors must include in their tax reporting, on an annual basis, the income received by the foreign mutual fund as if they received it directly (and this regardless of a possible distribution of income by the fund to the investors).

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Dividend received deduction ratio computation

Dividends distributed by a DRD SICAV and capital gains earned from the  sale or redemption of shares, or in the event of a liquidation of a DRD SICAV, are exempt from corporate income tax as long as the income is derived from: 

  • Dividends fulfilling the qualitative conditions to be deductible from corporate tax, or:

  • (Latent) capital gains fulfilling the qualitative conditions to be deductible from corporate tax. 

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UCIs and the Belgian tax on savings income

The Belgian tax on savings income is applicable in case of sale or redemption of shares of undertakings for collective investment - (UCI)/UCI transferable securities (TS) - or in case of liquidation of a UCI(TS) with more than 10% (for shares of UCI and UCITS acquired since 1 January, 2018) or 25% (for shares of UCITS acquired before that date) of assets invested in debt-related assets.

The percentage of the assets of the fund invested in debt-related assets is the so-called Asset Test. This tax only applies to Belgian resident individuals.

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Contact us

Olivier Hermand

Olivier Hermand

Financial Services Tax Partner, Human Capital Leader, PwC Belgium, PwC Belgium

Tel: +32 477 59 91 71

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