During the first half of 2024, income from withholding tax in Belgium rose to a record high of €3.9 billion, an increase of 27%.
Over €200 million, almost 10% more than the previous year, was generated from tax on dividends.
Meanwhile, tax revenue from other movable income increased by 65% from the previous year, bringing in over €600 million.
These other revenues mainly comprise interest from savings accounts, bonds and treasury bills.
Savers altered their behaviour substantially, moving tens of billions of euros from low or untaxed savings products to those taxed at higher rates but offering better returns.
