18 October 2016 Belgium and Japan sign revised income tax treaty Representatives of Belgium and Japan signed a revised income tax treaty (the Revised Treaty) and protocol (the Protocol) on October 12, which will replace the existing 1970 treaty. The Revised Treaty is aimed at further promoting investment and economic activities between Belgium and Japan. It eliminates barriers for cross-border collaboration and offers various opportunities for both countries. The revisions are also meant to align the Revised Treaty with the current Organisation for Economic Co-operation and Development (OECD) Model Convention as well as with the recommendations in the OECD's final reports in its Action Plan on Base Erosion and Profit Shifting (2015 BEPS Reports). A Tax Alert prepared by EY's Global Tax Desk Network, and attached below, provides additional details. Document ID: 2016-1767 |
