All Belgian residents are required to declare their foreign accounts. A body of the National Bank of Belgium manages the collection of accounts: the Central Contact Point (CCP) for financial accounts and contracts.
💡 New online banks are generally based abroad. For example, N26 in Germany, Revolut in the United Kingdom, Bunq in the Netherlands, or Wallester in Estonia.
Are you the holder of a foreign account?
The declaration to the CCP only concerns account holders and co-holders, not authorised signatories.
All types of accounts must be declared, provided they are opened at a banking, exchange, credit or savings institution abroad:
current account,
savings account,
securities account,
cryptocurrency account, …
Stripe, Paypal,... (if used for professional purposes, or if there is a balance remaining on the account)
⚠️ Both parents of a minor child who holds a foreign account must declare it (the declaration must be made in the name of each parent).
💡 Even if you have no transactions on the account or if the account has a zero balance, you still need to declare the account.
One-time declaration via the CCP
The declaration to the CCP must be made before filing your personal income tax (PIT) return. This declaration is made only once.
In the event of a subsequent change, such as the closure of the account, you must notify the CCP.
Annual declaration via the PIT return
Each year, you must confirm the existence of a foreign account in your PIT return.
Furthermore, if you receive interest of more than €980 / year per person (2024 income), on which no Belgian withholding tax on movable income has been deducted, you must declare it.
Need help declaring an account to the CCP? Contact the live chat at the bottom right 😇
See you soon 👋🏻