16,000 Belgians declare foreign investments

In the Belgian government's ongoing stride against money laundering, it is the first year that such an insurance is to be reported (while reporting funds on foreign bank accounts has already been a requirement for years). Final figures are not in yet, but according to Finance Ministry spokeswoman Florence Angelici, some 2.68 million tax returns have been logged so far through tax-on-web. Those using an accountant or tax specialist to help them file have until October 16, which means the number of reported foreign investment-linked insurances is expected to increase significantly.