Permanent Fiscal & Social Regularization: Takeaways for Financial Institutions

With the recent approval of the DLU/EBA-quinquies framework (“DLU - Déclaration Libératoire Unique/EBA – Eenmalig Bevrijdende Aangifte”), Belgium has entered a new era of fiscal and social regularization. This new procedure is permanent, meaning individuals and companies now face an open-ended opportunity to disclose undeclared assets, taxes, or social contributions. The implications for banks, compliance officers, and AML teams are significant.