| Insurance company | Insurance type | Premium (€) | Coeff. (%) | Commission (€) |
|---|---|---|---|---|
| No lines — add companies in the form | ||||
| Insurance company | Insurance type | Premium (€) | Coeff. (%) | Commission (€) |
|---|---|---|---|---|
| No lines — add companies in the form | ||||
No. Commissions of insurance intermediaries are exempt from VAT under article 44 §3 4° of the Belgian VAT Code. This exemption applies to FSMA-approved brokers, agents and sub-agents.
A commission statement is a summary document established between an intermediary (broker) and the insurance company, listing the commissions due for premiums collected during a given period.
Every FSMA-approved insurance intermediary receiving commissions must be able to justify their income. The commission statement is an essential accounting document for tax declaration purposes.
Commission = net premium (excl. VAT) × contractual commission rate. The rate varies by branch (life, non-life), product type and agreements with the insurer.
Yes. The statement must include the BCE number (Crossroads Bank for Enterprises) of both the issuer and the beneficiary. Our tool includes automatic lookup via the BCE API.
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