How is the stock exchange tax calculated in Belgium?

The stock exchange tax (TOB) = transaction amount × rate. For stocks: amount × 0.35% (cap €1,600). For accumulating ETFs like VWCE: amount × 1.32% (cap €4,000). For distributing ETFs: amount × 0.12% (cap €1,300). Example: buying €5,000 of VWCE → €5,000 × 1.32% = €66 tax.

How do I declare the stock exchange tax via MyMinfin?

Via MyMinfin (myminfin.fgov.be): log in with itsme or eID → My declaration → Miscellaneous taxes → Declare a tax → choose TOB. Fill in by rate category, submit and pay to IBAN BE39 6792 0022 9319 with the structured reference. Deadline: last business day of the 2nd month after the transaction month.

Do I need to declare the TOB if I use Interactive Brokers?

Yes. Interactive Brokers (IBKR) does not withhold the stock exchange tax automatically for Belgian residents. You must calculate and declare it yourself every month via MyMinfin DivTax. Belgian brokers (Bolero, Keytrade, Saxo) handle it automatically.

⚠ Educational content only — no personalised tax advice. Sources: FPS Finance, FSMA, Wikifin. Updated: May 2026.

🇧🇪 Stock exchange tax guide — Belgium 2026

Stock exchange tax Belgium:
calculation and declaration

Three rates, caps, VWCE vs IWDA, MyMinfin declaration — all explained with concrete examples. Free, independent, official sources.

Calculate my TOB Declaration guide →

📊 Monthly TOB tracking FREE 🤖 AI Belgian portfolio PREMIUM

0.12%

Dist. ETF & Acc. ETF not registered in Belgium

0.35%

stocks

1.32%

accumulating ETFs (VWCE)

€4,000

max cap/transaction

Tax on stock exchange transactions

The three stock exchange tax rates in 2026

The TOB applies to each buy AND sell of securities. Three rates exist depending on the type of instrument.

Rate	Instrument type	Cap / transaction	Examples
0.12%	Distributing ETFs (in Belgium or not), bonds, ETNs	€1,300	VWRL, AGGH
0.12%	Accumulating ETFs — no compartment registered in Belgium	€1,300	IWDA, EMIM, CSPX
0.35%	Stocks (Belgian, European, American)	€1,600	AAPL, KBC, ASML, Colruyt
1.32%	Accumulating ETFs — registered in Belgium	€4,000	VWCE

⚠ Since 14 July 2025: TOB declarations by email are no longer accepted. Use MyMinfin online only. Source: FPS Finance, circular 2026/C/42.

🏦

Belgian broker — automatic

Bolero, Keytrade, Saxo Bank, Re=Bel, MeDirect, ING Self Invest — withhold TOB automatically. You do not need to do anything.

⚠️

Foreign broker — your responsibility

IBKR and Trade Republic do not withhold TOB. DEGIRO does via Flatex. Self-declare via MyMinfin every month.

Stock exchange tax calculator

Calculate your stock exchange tax

Enter your transaction details for a full breakdown: TOB, broker commission, and FX costs.

Your transaction

Amount (€)

Instrument type

Broker

Dividend yield (% per year)

0 for accumulating ETFs that pay no dividend

Currency

Result

Fill in your details and click "Calculate" to see the breakdown.

⚠ Indicative: Broker commissions are simplified — always verify exact rates on your broker's website. Not financial advice.

Static calculation examples +

Example 1 — Stock

Buy Apple (AAPL) for €3,000
Rate: 0.35%
TOB: €3,000 × 0.35% = €10.50
Below the €1,600 cap

Example 2 — VWCE (acc. ETF)

Buy VWCE for €10,000
Rate: 1.32%
TOB: €10,000 × 1.32% = €132
Below the €4,000 cap

Example 3 — IWDA (acc., not in Belgium)

Buy IWDA for €10,000
Rate: 0.12%
TOB: €10,000 × 0.12% = €12
Below the €1,300 cap

Important: The TOB applies on both the buy AND the sell. Regardless of whether you make a profit or a loss — the tax is always charged.

Popular ETFs compared

VWCE vs IWDA — stock exchange tax difference

VWCE1.32%

Vanguard FTSE All-World Acc — registered in Belgium → highest TOB rate.

✅ Simple — all in one ETF

✅ Automatic reinvestment

❌ 1.32% TOB on every transaction

❌ Double cost: buy + sell

On €100k invested: ~€1,320 on buy + €1,320+ on sell

IWDA + EMIM0.12%

iShares Core MSCI World + iShares Core MSCI EM — not registered in Belgium → lowest rate.

✅ 0.12% TOB — 11× cheaper than VWCE

✅ Comparable diversification to VWCE

❌ Two ETFs to manage

❌ Rebalancing needed (~90%/10%)

On €100k: only €120 on buy — €1,200 less than VWCE

Practical guide

How to declare the stock exchange tax via MyMinfin

Required if you use IBKR, Trade Republic or any foreign broker that does not withhold TOB.

⚠ Fines: €50 per week of delay, maximum €2,600. Do not neglect this obligation.

Prepare your transactions

Export your history from your broker. Note per transaction: date, ticker, type (buy/sell), total amount, instrument type.

Log in to MyMinfin

Go to myminfin.fgov.be → log in with itsme or eID → My declaration → Miscellaneous taxes → Declare a tax → choose TOB.

Useful tool: tobcalc.com can import your IBKR exports. Free, runs locally.

Fill in by rate category

Line in MyMinfin	Instrument	Rate
Art. 120, 1° CDTD	Distributing ETFs, bonds, acc. ETFs not in Belgium	0.12%
Art. 120, 1° CDTD	Stocks	0.35%
Art. 120, 1° CDTD	Accumulating ETFs registered in Belgium (buy AND sell)	1.32%

Submit and note the structured reference

DivTax calculates the amount due. Submit → note the structured reference before closing the browser.

Make the bank transfer

IBAN:BE39 6792 0022 9319 BIC:PCHQ BE BB Reference:Structured reference from DivTax — exactly as shown

⏰ Declaration deadlines

Transaction month	Deadline
January 2026	Last business day of March 2026
July + August 2026	Last business day of September 2026
December 2026	Last business day of February 2027

Frequently asked questions

FAQ — Stock exchange tax Belgium

How much stock exchange tax on VWCE? +

VWCE (Vanguard FTSE All-World Acc) is subject to 1.32% stock exchange tax with a cap of €4,000 per transaction. This applies on the buy AND the sell. Example: buying €20,000 of VWCE → €264 TOB.

Is the stock exchange tax the same at all brokers? +

In principle yes, but discrepancies have been observed. Bolero applies 1.32% on VWCE, while some brokers previously applied 0.12% for the same fund. The correct rate for VWCE is 1.32%. Always verify your account statement. Source: Curvo.eu (May 2026).

Do you pay the stock exchange tax even if you make a loss? +

Yes. The TOB is a tax on transactions — you pay it on every buy and sell, regardless of the outcome. It is calculated on the transaction amount, not the gain.

Does the TOB apply to purchases on US stock exchanges? +

Yes. As a Belgian resident, you pay TOB on all your transactions, regardless of the exchange. If your foreign broker does not withhold it, you are personally responsible for declaring it. Source: FPS Finance, art. 120–126 CDTD.

Track your TOB automatically

Log your transactions and get a monthly TOB summary ready for MyMinfin DivTax — free for all users.

Open tracker → Build a portfolio 🤖

Educational content · No financial advice · Independent

Stock exchange tax Belgium:calculation and declaration