The Belgian Federal Public Service Finance published on 24 June, 2024, a synthesised text in English of the 1995 Double Taxation Agreement (DTA) between Belgium and South Africa, detailing the impact of the Multilateral agreement to Instrument Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI).
The synthesised text provides clarity on the application of the DTA, as amended by the MLI, to taxpayers in Belgium and South Africa. It serves as an important reference for individuals and businesses subject to taxation in both countries.
The MLI entered into force on 1 January, 2023, applying to withholding taxes from that date and to all other taxes for taxable periods beginning on or after 1 July, 2023.
