49
Mediator
As mediator between the financial and the
economic actors, the citizens and the govern-
mental bodies, the financial sector also has
to play an important part in the field of taxa-
tion. It deals with most financial flows, which
means it is in a position to facilitate the collec-
tion of a number of taxes such as the deduc-
tion of the withholding tax on securities or the
withholding tax on professional income. In
total an amount of €2.5 billion is collected via
the financial sector.
More and more often, the financial institu-
tions are called on to help the tax authorities
collect the various taxes. In the past few years,
more information has been exchanged with
regard to tax objectives. This exchange takes
place automatically (for example due to the
fact that citizens are being obliged to declare
>
Financial stability
BANK TAX ELEMENTS IN 2012
IN MILLION EUR
(
SOURCE: FEBELFIN/NBB)
81
175
258
580
251
Subscription tax
Recurrent DGS contribution
Temporary additional DGS contribution
FSC
Annual tax on credit institutions
their foreign accounts to the National Bank of
Belgium) or at the request of competent bod-
ies (for instance if banking secrecy is cancelled
on suspicion of fraud).
The financial sector is currently developing a
number of proposals to simplify the proce-
dures in this matter.