Belgium – India Tax Treaty
The Belgium-India tax treaty caps withholding on dividends at 15%, and interest at 10%. Royalties are taxed at a uniform 10% across all categories. Private pensions are taxable only in the country of residence, with no withholding at source. This is one of 39 active treaties in Belgium's network and one of 48 in India's. The general dividend rate of 15% compares to a median of 15% across Belgium's network and 10% across India's.
Verified data
SPF Finances Belgium (finances.belgium.be) - Double Taxation Conventions (Treaty list verified April 2026. Rates from individual treaty texts (Articles 10-12).)
Withholding Rate Summary
Source: Belgium Treaty Reference| Income Type | Treaty Rate | Statutory Rate (Belgium) |
|---|---|---|
| Dividends (general) Portfolio investors | 15%saves 15% | 30% |
| Dividends (qualified) Beneficial owner is a company holding >= 10% of voting stock | 15%saves 15% | 30% |
| Interest Bank interest, bonds, loans | 10%saves 20% | 30% |
| Royalties (avg) Patents, copyright, know-how, film/TV | 10% | — |
| Pensions Private pension distributions | 0% | — |
| Social Security Government social security benefits | 0% | — |
“Treaty Rate” is the maximum withholding permitted under this treaty. The actual effective rate may be lower if domestic law provides a more favorable rate independently. “Statutory Rate (Belgium)” shows the rate that applies when no treaty benefit is claimed. Qualified dividend rate requires: Beneficial owner is a company holding >= 10% of voting stock.
Dividends
The general dividend rate of 15% applies to portfolio investors. A reduced rate of 15% is available when beneficial owner is a company holding >= 10% of voting stock. Without the treaty, the statutory withholding rate on dividends is 30%.
Source: Belgium Treaty Reference
Interest
Interest payments (bank interest, bonds, loans) are subject to 10% withholding under this treaty, compared to the 30% statutory rate. This represents a 20% reduction from the statutory rate.
Source: Belgium Treaty Reference
Royalties
Royalty withholding rates vary by the type of intellectual property. This treaty distinguishes 4 categories, with rates ranging from 10% to 10%.
Source: Belgium Treaty Reference
Pensions & Social Security
Private pension distributions are taxable only in the country of residence, with no withholding at source. Government social security benefits are exempt from source-country withholding.
Source: Belgium Treaty Reference
Comparative Context
🇧🇪Belgium's Network
Among Belgium's 39 active treaty partners, the 15% general dividend rate ranks 20th (median: 15%).
| Partner | Rate |
|---|---|
| Indonesia | 15% |
| Ireland | 15% |
| Israel | 15% |
| India (this treaty) | 15% |
| Italy | 15% |
| Japan | 15% |
| South Korea | 15% |
🇮🇳India's Network
Among India's 48 active treaty partners, the 15% general dividend rate ranks 28th (median: 10%).
| Partner | Rate |
|---|---|
| Vietnam | 10% |
| South Africa | 10% |
| Australia | 15% |
| Belgium (this treaty) | 15% |
| Cyprus | 15% |
| Germany | 15% |
| Denmark | 15% |