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Moroccan Belgians face new real estate rule
The Federal Finance Administration in Belgium has announced a new procedure requiring members of the Moroccan community residing for tax purposes in Belgium to report their property holdings located outside Belgium, including properties in Morocco. This declaration covers all types of real estate, whether residential, for holidays, heritage, or prepared for future use—regardless of whether the properties are vacant or generate income. The purpose of this measure is to provide an accurate picture of taxpayers' holdings, enhance transparency, and ensure compliance with tax obligations. Importantly, no additional taxes will be imposed on the reported properties; instead, the data will be incorporated into the double taxation avoidance system. The information must be updated whenever there are changes, such as sales or renovations, to maintain data accuracy and avoid penalties.
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