On 25 February 2021, Belgium published the Law of 17 February 2021 for the introduction of a new annual securities account tax in the Official Gazette. As previously reported, the tax is levied at a rate of 0.15% on the average value of taxable financial instruments in securities accounts held by resident and non-resident individuals, companies, and other legal entities where the average value is greater than EUR 1 million. When applicable, the amount of the tax is limited to 10% of the difference between the taxable base and the threshold of EUR 1 million.

The Law entered into force the day after its publication, i.e., on 26 February 2021, although anti-abuse provisions apply retroactively from 30 October 2020.