New Bank Tax: Filing and Payment Deadline set to 30 November 2016


The Belgian Act of 3 August 2016 implemented a “new yearly tax on credit institutions replacing the existing yearly taxes, the limitations to the corporate income tax deductions and the financial stability contribution” under articles 201(10) and following of the Belgian Code of Various Duties and Taxes (below referred to as the “New Bank Tax”).

With respect to fiscal year 2016, the New Bank Tax was due to be paid (and, in principle, declared) by 15 November 2016.

However, due to practical difficulties (i.e. the Royal Decree featuring the formal filing form and providing payment details was only signed on 9 November 2016, and has not yet been published), the Belgian Ministry of Finance yesterday announced an extension of the filing and payment deadline from 15 November 2016 to 30 November 2016 for fiscal year 2016.