Income from foreign trusts and foundations is liable to tax from 2014 onwards

The income from foreign trusts, foundations and other structures is liable to tax from 2014 onwards. The Royal Decree with respect hereto will be published in the near future.

Belgian residents who obtain income from certain tax vehicles with or without legal personality from countries where they are not subject to income tax or where they enjoy a very favourable tax regime shall pay taxes on this income.

The reserves built up in the past will also be liable to tax upon payment.

It had already been decided that tax papers have to mention on their tax return whether they were beneficiaries of a legal arrangement used for private assets (Trust, Stiftung, Anhalt, offshore Limited, ...) in 2013.

Panis will inform you as soon as more information is available.