Exceptional additional tax on the banks' systemic risk tax (2012)

Article 9 of the second amending finance act for 2012 creates, for 2012, an additional tax on top of the systemic risk tax payable by credit institutions and investment firms. Its amount equals the systemic risk tax due on 30 April 2012, which doubles the 2012 contribution. It is due on 30 August 2012 and paid by 30 September 2012. The same article raises the systemic risk tax rate from 0.25% to 0.50% from 1 January 2013.