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Tax on securities accounts

The law introducing the tax on securities accounts came into force on 10 March 2018 (articles 151 to 158/6, Code on miscellaneous levies and taxes). This law requires Belgian financial intermediaries to deduct a tax of 0.15% on securities accounts held in Belgium by any individual, no matter whether he/she's Belgian resident or not. This tax will be deducted when the total average valuation of his/her share in the various securities accounts is equal to or exceeds 500,000 euros.

Even though the Constitutional Court has declared the law introducing the tax on securities accounts invalid on 17 October 2019, this tax remains due for the reference period ending before or on 30 September 2019.

If you have a securities account at Degroof Petercam, you will soon receive the valuation of your securities for the reference period (mentioned above) and the actions that you might have to take.

Please find below the possible scenarios.

The total average valuation of your share in the securities account(s) at Degroof Petercam is equal to or exceeds 500,000 euros.

The tax on securities accounts will be deducted automatically. You must do nothing more. 

The total average valuation of your share in your securities account(s) at Degroof Petercam is lower than 500,000 euros and you do not have additional securities accounts at other Belgian or foreign financial intermediaries.

The tax on securities accounts therefore does not apply to you. You must do nothing more. 

The average valuation of your share in the securities account(s) at Degroof Petercam is lower than 500,000 euros, but you do have one or more additional securities accounts at other Belgian or foreign intermediaries as well. However, the total average valuation of your share in the various securities accounts (at Degroof Petercam and elsewhere) remains under the threshold of 500,000 euros.

The tax on securities accounts therefore does not apply to you. You must do nothing more. 


The average valuation of your share in your securities account(s) at Degroof Petercam is lower than 500,000 euros. You do however have one or more additional securities accounts at other Belgian or foreign intermediaries as well and the total average valuation of your share in the various securities accounts (at Degroof Petercam and elsewhere) is equal to or exceeds 500,000 euros.

The tax on securities accounts will not be deducted automatically. However, in My Degroof Petercam you can instruct us to deduct the tax on securities accounts on your behalf. If you choose this option, you no longer have to declare the tax nor transfer the tax amount involved to the account of the Belgian tax administration. 

How to ask Degroof Petercam to decuct the tax?

At your side

  • You have a question regarding the tax on securities accounts?
    Please check out our ‘Frequently Asked Questions’ section in French or Dutch.

  • You are experiencing technical problems (connection issues, PIN code forgotten, loss or theft of your digipass, etc.)? Get in touch with Digital Care at the number 0800 20 216 (or +32 2 662 85 55 when calling from abroad), on weekdays from 8 am until 6 pm. Or send an email to digitalcare@degroofpetercam.com.

  • Your usual contact person is at your disposal for any further information you may require.