On 29th October, CMS Law in Belgium reported that the Central Point of Contact (CPC), which is held by the National Bank of Belgium, and which is a register of bank accounts and financial contracts will, in future, also will, from 1st August 2019, also contain information about life insurance contracts with Belgian companies or foreign insurance companies that operate in Belgium. The CPC includes information about bank accounts held in Belgium by both resident and non-resident natural and legal persons, and about bank accounts held abroad by Belgian resident natural persons, and tax authorities are empowered to consult the CPC especially if there are indications of tax fraud.
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