Belgian Tax Increases
The Belgian federal government approved a draft program law on February 26, 2026, to implement its budget agreement, which includes an increase in the tax on securities accounts from 0.15% to 0.3% and an increase in the insurance premium tax from 9.25% to 9.6% for premiums due from April 1, 2026. As of February 26, 2026, these measures are expected to be passed by Parliament in March 2026. Additionally, the tax on boarding an aircraft will be uniformly set at €10 from January 1, 2027, and a €2 levy will be imposed on small parcels from non-EU countries. The government also approved a new package of tax measures on December 24, 2025, to stabilize public finances and reduce debt, including a new bank tax. Banking federation Febelfin criticized the bank tax hike as "unprecedented and disproportionate" on November 24, 2025.
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2 updates
2026
2 updatesThe Belgian federal government has approved a draft program law to implement its budget agreement, which includes several tax measures expected to be passed by Parliament in March 2026. Key changes include an increase in the tax on securities accounts from 0.15% to 0.3% and an increase in the insurance premium tax from 9.25% to 9.6% for premiums due from April 1, 2026. The tax on boarding an aircraft will be uniformly set at €10 from January 1, 2027.
Belgium's 2026 budget agreement includes a new bank tax and an increase in the securities account tax from 0.15% to 0.30%, along with an insurance tax. The tax on short flights will rise from €5 to €10 in 2027, with further increases planned. Additionally, a €2 levy will be imposed on small parcels from non-EU countries, and anti-fraud measures include the establishment of a national financial prosecutor's office.
2025
3 updates
2025
3 updatesThe Belgian government has approved a new package of tax measures to stabilize public finances and reduce debt. These include an increase in the banking tax and the tax on securities accounts from 0.15% to 0.3%, effective April 1st. Additionally, insurance taxes will rise from 9.25% to 9.6%.
The Belgian government has approved a budget framework for 2026-2029 that includes several new tax measures. Starting March 2026, VAT on sports, culture, leisure activities, hotel stays, campsites, and takeaway meals will increase from 6% to 12%. The tax on securities accounts will double from 0.15% to 0.3%, the premium tax on non-life insurance will rise from 9.25% to 9.6%, and a new bank tax has been introduced. These measures aim to stabilize public finances and reduce mounting debts.
Belgium's parliament passed legislation on December 18, 2025, to increase the annual tax on banks, which is expected to generate an additional €150 million per year starting in 2026. Banking federation Febelfin has criticized this hike as unprecedented and disproportionate.
2023
1 update
2023
1 updateContributions to the Deposit Guarantee Scheme (DGS) were increased to 1.8% of covered deposits.
via assets.kpmg.com·news.pwc.be·febelfin.be·brusselstimes.com
2022
1 update
2022
1 updateA decision was made to limit the tax deductibility of the bank tax to 20%, effectively making 80% of it non-deductible.
via assets.kpmg.com·news.pwc.be·febelfin.be·brusselstimes.com
2017
1 update
2017
1 updateBelgium introduced an annual tax on securities accounts for portfolios of €500,000 or more, set at a rate of 0.15%.
via assets.kpmg.com·news.pwc.be·febelfin.be·brusselstimes.com
2012
Story began · 13 years, 10 mo ago