When investing outside of Belgium, withholding tax is often owed on dividend payments and fixed income. Withholding tax is immediately deducted from the income payment most of the time. However the percentage applied is often higher then required by the authorities. Given that there are agreements between several countries, the excise amount may be recovered. This procedure is called a "tax reclaim".
Reclaiming these taxes is a lengthy and cumbersome procedure which requires specific market knowledge. In cooperations with Mylette, a financial specialist in the stock market, BinckBank provides support for this procedure.