FAQ

• A new legislation on the taxation of savings?
  
• Why this new legislation? Resources?
  
• Exchange of information? Taxation at the source?
  

  In the countries where exchange of information applies, the banks must notify to their tax administration each interest payment to a physical person that resides in another member state.

  In the countries that opted to tax at the source (like Belgium), there is absolutely no exchange of information. Consequently, Keytrade Bank will deduct a percentage of the interest income for the state of residence of her client (e. g. France) = “State of residence tax or « SRT»). Keytrade Bank pays this SRT to the Belgian tax administration, which will pay 75% of this to (in this example) France.

• Which percentage will be applied as SRT? Quid with the Belgian withholding tax?
  
• How about the Bank confidentiality?
  
• Is this related to me? If yes, what does it involve?
  
• Which are the concerned investments or credit balances?
  
• On which part of the income from an investment fund does the SRT apply?
  
• How can I avoid State of residence tax?
  
• Can I recover the SRT or deduct it from other taxes?