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Generic Tax Name Capital tax - Contribution of the financial institutions to the Resolution Fund
Tax name in the national language Bijdrage van de financiële instellingen aan het resolutiefonds- Contribution des institutions financières au fonds de résolution
Tax name in English Contribution of financial institutions to the Resolution Fund
Member State BE-Belgium
Tax in force since 2012/01/01
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 28 december 2011
 
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

All Belgian credit institutions (except electronic money institutions).
 
Tax object and basis of assessment

Total liabilities on 31 December of the preceding year less (a) deposits subject to the deposit guarantee scheme and (b) qualifying equity capital.
 
Deductions, Allowances, Credits, Exemptions

From 2013 onwards a modified base and rate (0.095%) applies to credit institutions providing financial market support.
 
Rate(s) Structure

From 2014 onwards, the original rate (0.035%) was modified and a distinction between “systemic” and “non-systemic” credit institutions was introduced.

For systemic institutions the rate depends upon a risk indicator (R) based on asset ratios. 

Risk indicator (R)

 Systemic institutions

R < 2.5%

0.0325%

2.5%  ≤ R < 5%

0.035%

5% ≤ R < 7.5%

0.0375%

7.5% ≤ R < 10%

0.04%

10%≤ R

0.06%

For non-systemic institutions the rate is either 0.03% or 0.0325% depending upon fulfilment of equity requirements.
 
Tax due date

1 July at the latest.
 
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 238.40 EUR 0.06

Comments