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Marie Krug

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Marie Krug is an Associate in Baker McKenzie's Brussels office.

A new and extended version of the Securities Account tax was introduced in Belgium by the Law of 17 February 2021 that entered into force on 26 February 2021. The new tax takes the form of an annual tax of 0.15% on securities accounts that exceed EUR 1 million in average value (this includes financial instruments as well as the cash balance). The tax will first be due for the reference period starting on 26 February 2021 and ending on 30 September 2021.