Switzerland- Belgium: ICTT has been approved
The Belgium - Switzerland Income and Capital Tax Treaty (ICTT) of 1978 has been signed on 10 April 2014 and this amending protocol has been approved by the Swiss Federal Council on 19
See MoreBelgium: Value added Tax At-a-glance
The Value Added Tax (VAT) is named in Belgium “Belasting over de Toegevoegde Waarde” (BTW) or “Taxe sur la Valeur Ajoutée” (TVA) and it has been introduced since first January 1971. Value added Tax At-a-glance: Rates: Exemptions 0
See MoreGuernsey signs a TIEA with Belgium
On May 7, 2014 Guernsey signed a tax information exchange agreement (TIEA) with Belgium. The agreement had already been approved by Belgium and signed on April 24, 2014. Agreements on the exchange of tax information allow the tax authorities of both
See MoreIreland – Belgium DTA
Ireland and Belgium signed a Protocol to amend their double taxation agreement (DTA) on April 14, 2014. The new Protocol updates the Article of the treaty in respect of the exchange of tax information, strengthening the measures for information
See MoreBelgium – Tax benefits for investments in economic zones
Belgium has passed legislation providing for tax relief for employers making investments in particular economic zones. The relief is a partial exemption from salary withholding tax in respect of wages paid to new employees who are taken on within
See MoreBelgium ratified the DTA with Bahrain
On April 28, 2014, Belgium ratified the double taxation agreement (DTA) and Protocol signed with Bahrain. No further details of the agreement or Protocol are currently
See MoreExchange of information agreement between Belgium and Cayman Islands
An Exchange of Information Agreement (2014) was signed between Belgium and Cayman Islands on 28 April 2014. This agreement will facilitate the exchange of tax information and thereby help to ensure that it is more difficult for taxpayers to evade
See MoreFATCA agreement between Belgium and the US
An intergovernmental agreement (IGA) between Belgium and the US is to be signed on 23 April 2014 in relation to the implementation of the US Foreign Account Tax Compliance Act (FATCA). The IGA requires the tax administrations of the two countries to
See MoreBelgium – Tax Penalties for Non-Compliance ranging 10% to 200%
Belgium is determined to enforce tax penalties to ensure that taxpayers submit their latest tax returns on time. The Finance Ministry has encouraged taxpayers to send in a complete and correct income tax declaration for 2013, to avoid incurring a
See MorePoland – Belgium DTA
Poland and Belgium concluded a double taxation agreement (DTA) on April 14, 2014. No further details of the agreement are currently
See MoreProtocol to treaty between Belgium and Switzerland signed
On 10 April 2014, Belgium and Switzerland signed an amending protocol to the double taxation treaty originally concluded between the two countries in 1978. No further details of the Protocol are currently
See MoreBelgium: Protocol to tax treaty with Canada
A Protocol amending the double taxation agreement (DTA) between Belgium and Canada has been signed. The Protocol incorporates into the DTA updated provisions in respect of the exchange of tax information. The exchange of information between tax
See MoreUnited Kingdom – Belgium sign Protocol
The UK and Belgium have added a second Protocol to their double taxation agreement (DTA). The original protocol amended the article on exchange of information to conform to the latest OECD standard. The second protocol which was signed on 13 March
See MoreExchange of information agreement between Belgium and Grenada ratified by Belgium
Belgium has ratified the Exchange of Information Agreement it has signed with Grenada. The OECD has been encouraging the conclusion of agreements on the exchange of tax information to improve tax transparency and help to combat tax
See MoreProtocol to treaty between Belgium and United Kingdom signed
Belgium and the UK have signed a second protocol to their double tax treaty. The protocol clarifies that certain amendments made by the first protocol to the treaty apply to regional taxes and to the communities. The protocol also confirms that
See MoreExchange of information agreement between Belgium and Guernsey
According to a communication of 11 March 2014, published by the Guernsey tax authorities, Belgium and Guernsey have initialed a tax exchange of information agreement (TEIA). Guernsey has recently been negotiating TIEAs as part of a commitment to
See MoreBelgium: VAT rate change in 2014
Belgium has suggested that it plans to raise its standard VAT rate from the current rate of 21% to fund cuts to the labour tax regime. The Finance Minister has stated that the rise would be agreed after May’s general election. The amount of the
See MoreBelgium: Reform of taxation after the May elections
Belgium's main political parties have agreed that a reform of taxation must be carried out after the May elections, to modernize and simplify the country's tax law. The Belgian Finance Minister has underlined the need to reduce the number of tax
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