The French Tax Trap (How it Could Hurt You)
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The Belgian and French Finance Ministers signed a new double tax treaty and protocol. The new treaty will likely enter into force on 1 January 2023 after its ratification. Fundamental changes to the treaty relate to rules concerning hybrid entities, the determination of permanent establishment, new withholding tax exemptions, and the introduction of anti-abuse measures. This will make Belgium less attractive to French citizens.
Wondering how it could affect you if you're not a French Citizen? In this video, Andrew will explain it and what you need to consider if you live in a high-tax country.
Andrew is reading this article: https://www.brusselstimes.com/....belgium/218701/belgi
0:23 Belgium Will Stop Being a Haven For French Tax Avoiders
03:22 Taxes in Belgium
4:00 Taxes in France
5:00 Citizenship Based Taxation
6:39 EU citizenship
8:00 France Citizenship
9:02 Tax Incentive Programs
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.