Is the income I earn from savings and investment products subject to foreign withholding tax?
Interest income earned on Cash Accounts, Express Savings Accounts, ME3 Savings Accounts and Fixed Term Deposits is not subject to foreign withholding tax. Income from securities issued by foreign companies may be subject to withholding tax in the country where the security was issued. However, a Belgian investor may benefit from a lower foreign withholding tax rate or be entitled to a refund of foreign withholding tax by virtue of the double taxation agreement between Belgium and the country where the issuer of the security is located. MeDirect recommends that you seek professional tax advice if you have any questions about the tax treatment of any investment.