Luxembourg life insurance contract and reporting obligations in Belgium

Wealth Management and Legal & Tax Departments

May 17, 2024

A Luxembourg life insurance policy taken out by a Belgian tax resident is subject to certain reporting obligations. Reminder of the different declarations to be made and their possible tax consequences.

Tax declaration for individuals

The life insurance policy taken out by a Belgian tax resident must be entered in the tax return under the following item:

Cell XIII - INDIVIDUALS’ ACCOUNTS AND LIFE INSURANCE POLICIES ABROAD, LEGAL STRUCTURES, LOANS TO SMALL START-UP COMPANIES AND SECURITIES ACCOUNTS,

B. INDIVIDUALS’ LIFE INSURANCE POLICIES ABROAD, box 1076-88

The surname and first name of the policyholder and the country where the insurance company is established must be indicated.

The declaration does not give rise to taxation.

Luxembourg life insurance contract and reporting obligations in Belgium

pdf - 67 KB

Text originally published in May 2021 and updated in May 2024