Do I have to report my Izola Bank account to the Belgian authorities?

From January 2006 onwards Belgian companies no longer have to report on a regular basis to the National Bank of Belgium on accounts they maintain abroad for statistical purposes. Belgian individual persons, including sole traders, should - at the bottom of every annual income tax return - indicate whether they have had at any moment in time during the relevant tax period an account with a foreign bank, exchange, credit or savings institution. If yes, then they should provide the name of the account holder as well as the country where the account is open.