Belgium: FATCA guidelines; reporting by 30 June

Belgium: FATCA guidelines; reporting by 30 June

The Belgian tax authorities have published draft guidelines for implementing the FATCA regime—in particular, draft guidelines for implementation of the U.S. FATCA legislation and the intergovernmental agreement (IGA) signed between Belgium and the United States in April 2014.

Related content

It is anticipated that “reporting financial institutions” (as defined under the FATCA regime) will report to the Belgian tax authorities no later than 30 June 2015. The Belgian tax authorities then will report this data to the U.S. tax authorities (IRS) before 1 October 2015.

Belgian implementing law

A law incorporating the FATCA regime or IGA measures into Belgian domestic law has yet to be enacted. Such a law would be expected to provide a legal basis for the required reporting to the Belgian tax authorities.

Based on latest information, it is possible that legislation to implement the FATCA rules into Belgian domestic law may not be enacted before 30 June 2015, and because no reporting to the Belgian tax authorities can take place without adequate legal basis, there could be a delay in the reporting date.


Read a May 2015 report prepared by the KPMG member firm in Belgium: FATCA draft guidelines published

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Request for proposal



KPMG's new digital platform

KPMG's new digital platform