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Dividends

Withholding tax on Belgian and foreign dividends, and what part of it comes back through the tax return.

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  • Dividends

    Foreign dividends: the US 30%, the W-8BEN, and the Belgian 30% on top

    A US or French dividend is taxed twice: once at source abroad, then again at 30% in Belgium. A W-8BEN cuts the US rate from 30% to 15%, and a recent decision restored a credit on French dividends.

    Written by Belfolio·5 min read·7 Aug 2026
  • Dividends

    Dividend withholding tax at 30%, and the reclaimable first tranche

    Belgian dividend withholding tax is 30%. Part of the first tranche of dividends can be reclaimed through the tax return — and some brokers withhold nothing at all.

    Written by Belfolio·4 min read·2 Jul 2026
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Independent educational tool — not tax or investment advice. Verify with the FPS Finance or your accountant.

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