Declaring domestic accounts and contracts
Who must report information?
Individuals are not required to report any information regarding domestic accounts.
Financial institutions operating in Belgium are legally required to report information on their customers’ domestic accounts, financial contracts concluded in Belgium and transactions involving cash carried out in Belgium to the Central Point of Contact for accounts and financial contracts (CPC). This information must be provided for both their customers residing in Belgium and their customers residing abroad (natural and legal persons).
These financial institutions are referred to as ‘declarers‘ (redevables d’information/informatieplichtigen) in the relevant legislation. A list of the declarers can be found here.
The Law of 8 July 2018 (only available in Dutch or French) and the Royal Decree of 7 April 2019 (only available in Dutch or French) lay down which information these declarers must report about their customers to the CPC (for more information, see below under ‘What information must be reported?’).
What information must be reported?
On a continuous basis:
- Belgian bank and payment accounts and powers of attorney on these accounts. For each account, the account number, the capacity of the customer (account holder or proxy holder) and the start or end date of the account must be reported;
- the existence of certain financial contracts concluded in Belgium: start or end date of the contractual relationship with the customer and type of contract. For example:
- rental of safe-deposit boxes;
- life insurance contracts belonging to insurance class 21, 23, 25 or 26 (except for death insurance contracts and contracts concluded in the framework of one of the three pillars of the Belgian pension system);
- agreements relating to investment services and/or ancillary services;
- mortgage credit;
- instalment sales or loans;
- lease agreements;
- credit agreements;
- any other agreements under which a creditor provides funds to a natural or legal person, including unauthorised overdrafts on an account, or undertakes to provide funds to a company.
- the existence of certain financial transactions involving cash: the type of transaction, the capacity of the customer (the customer himself/herself or his/her authorised representative) and the date of the transaction.
- the balances of Belgian bank and payment accounts and the dates on which these balances were recorded (30/06/20yy or 31/12/20yy);
- the aggregate amounts of the following categories of financial contracts (and the dates on which these amounts were recorded):
- life insurance contracts belonging to insurance class 21, 23, 25 or 26 (31/12/20yy);
- agreements relating to investment services and/or ancillary services (30/06/20yy or 31/12/20yy).
To enable identification of the persons behind these accounts, financial contracts and transactions involving cash, the declarers must also report the following information in each case:
- for natural persons: National Register number (or BIS number) or, failing that, name and first name, date of birth, place of birth (optional) and country of birth;
- for legal persons: number under which they are registered at the Crossroads Bank for Enterprises or, failing that, full name, legal form, if any, and country of establishment.
SharePoint for declarers
As a declarer, you have access to an external SharePoint environment which provides more information on the CPC. Here you will find all information about your obligations and how to report data.
To access this external SharePoint environment, prior registration via a form is required.
Need more information?
More information about the obligation to declare domestic accounts, financial contracts and transactions involving cash is also available from the Federal Public Service (FPS) Finance, which is legally authorised to answer your questions.
For any questions, please contact the FPS Finance - Contact | FPS Finance (belgium.be).