Belgium: New annual tax on credit institutions | KPMG | GLOBAL
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Belgium: Guidance on new annual tax on credit institutions

Belgium: New annual tax on credit institutions

A Royal Decree providing guidelines for implementing the new annual tax imposed on credit institutions was published today in the Belgian official gazette.


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The first return for the new tax on credit institutions (enacted in August 2016) must include the name of the bank, the taxable base, tax rate, and the amount of tax due. The Royal Decree contains further instructions on the filing and payment rules for the new annual tax and includes a draft return and a draft form for the refund (reclaim) of excess payments. 


Read a November 2016 report prepared by the KPMG member firm in Belgium: Guidelines with respect to the new annual tax on credit institutions have been published

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