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Generic Tax Name Capital tax - Annual tax on investment companies, banks and insurance companies
Tax name in the national language Jaarlijkse taks op de collectieve beleggingsinstellingen,kredietinstellingen, en verzekeringsondernemingen / Taxe annuelle sur les organismes de placement collectif, les institutions de credit en les sociétés d'assurance
Tax name in English Annual tax on investment companies, banks and insurance companies
Member State BE-Belgium
Tax in force since 1993/07/01
If abolished, date on which the tax ceases to apply
Business version date 2015/01/01
Version date 2015/02/17
This file was last updated on

Type of tax
Direct taxes Personal income tax
Corporate income tax
Other
Indirect taxes VAT
Excise duty (EU harmonised)
Alcoholic beverages
Energy products and electricity
Manufactured tobacco
Other
Social security contribution Employers
Employees
Other
 
Legal base

Law of 22 July 1993
 
Who sets
The tax rate is set by



The tax base is set by



The reliefs are set by




Comments
 
Beneficiary





Comments
 
Geographical Scope

Belgian teritory
 
Taxpayers

The Belgian investment funds, the holdings of Belgian investment funds, the foreign investment funds, The Belgian credit institutions, insurance companies trading with investment products and finally the life insurance companies.
 
Tax object and basis of assessment

Concerning the Belgian investment funds, the management companies and the foreign investment funds the basis of assessment equals the sum of the outstanding amounts on 31 December of the preceding year. For the Belgian credit institutions the basis of assessment equals the effective amount of the in Belgium tax exemptible savings deposits. For the insurance companies the taxable amount equals in both cases the provisions that have been reserved for the specific tax exemptible products.
 
Deductions, Allowances, Credits, Exemptions

A reduced of 0.01 % is applicable on amounts stemming from institutional investors.
 
Rate(s) Structure

0.1929 % from 2014 onwards (increase from 0.06% in 2004, 0.07% in 2005 and 2006, 0.08% in 2007-2012 and 0.12% in 2013)  
 
Tax due date

Term of payment 3 months (thus standard tax due date is 31 March)
 
Tax collector

Belgian federal government
 
Special features
 
Economic function







Comments
 
Environmental taxes



Comments
 
Tax revenue
ESA95 code d59ad

Year
Annual tax revenue (millions)
Currency
Tax revenue as % of GDP
Tax revenue as % of total tax revenue
2012 247.20 EUR 0.06
2011 254.40 EUR 0.07
2010 236.70 EUR 0.07
2009 208.60 EUR 0.06
2008 243.30 EUR 0.07
2007 252.50 EUR 0.07
2006 209.10 EUR 0.06
2005 188.80 EUR 0.06

Comments