Tax Fund Reporting Services

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).

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. 

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.