Income from foreign contractual investment funds (also known as FCP – Fonds Commun de Placement) are not taxed at source in Belgium, insofar they are not derived from movable income subject to the Belgian withholding tax.
This is because these contractual investment funds do not have their own legal personality. Each unit holder is considered to have collected all movable income received by the fund himself in proportion to his holdings in the fund. This however does not apply to investment funds with a distinct legal personality, such as SICAVs. Each investor must in principle report income derived from such contractual funds in his annual personal income tax return.
MeDirect recommends that you seek professional tax advice from a Tax advisor if you have any questions about the tax treatment of your investment.