Belgium 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
See MoreBelgium and Jersey signed a TIEA
On 13 March 2014, Belgium and Jersey signed a tax information exchange agreement (TIEA) in London. Jersey has recent concluded a number of agreements on the exchange of tax information as part of its commitment to international standards of
See MoreBelgium’s cdH Pledges Election Tax Cuts
The President of Belgium's Humanist Democratic Center (cdH) has unveiled details of the party's plans to lower taxes for individuals and corporations. The tax reductions would amount to around EUR10bn. The party which is currently a member of the
See MoreBelgium reduces VAT on Electricity
Recent VAT changes in Belgium include the latest change in VAT rate for supplies of electricity. The rate will change from 21% to 6% and will take effect from1 April 2014 until 31 December 2015 with an option to extend the rate into 2016 and
See MoreBelgium – Resident companies must file their corporate tax returns electronically
On 14 February 2014 a royal decree was published requiring resident companies to file their corporate tax returns electronically as from tax year 2014. E-filing will be mandatory for nonresident companies as from tax year 2015. An exception will
See MoreBelgium requires foreign public transporters to register for VAT
Belgium is to require foreign public transport companies to register for VAT, and charge a proportion of Belgian VAT on the price of their tickets. From 1 January, non-Belgian coach and taxi drivers transporting paying passengers across Belgium
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