In 2015, Belgium introduced a transparency or "look-through" tax for legal arrangements such as trusts and trust-like arrangements and for other legal arrangements that have legal personality. The founder or the sponsor of such legal arrangement is taxed on the income of the legal arrangement as if it was his personal income, unless a beneficiary has received the income. Moreover, when the original founder dies his heirs must report the income of the legal arrangement.

The founder (or his heirs) must report the income and identify each legal arrangement ; the law introduces a penalty of EUR 6,250 for every arrangement that is not reported in theĀ  tax return.

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