Up until the end of 2017, dividends on cooperative shares were exempt from taxes up to an amount of €190 per taxpayer per year. During the 2018 income year, member-owners do not have to pay withholding tax on a first dividend tranche of up to €640 (sum of dividends from shares in Belgian and foreign companies). This exemption can be claimed via your personal income tax. In practice, Eoly Cooperative declares the dividend before distributing it as a net sum, minus 30% withholding tax. The deducted withholding tax can be recuperated by declaring it in your tax return as long as the maximum exemption amount of €640 has not been exceeded. From the 2019 income year onwards, the maximum exemption amount shall be raised to €800.