On 7 November 2013 Belgium's Chamber of Representatives, the lower house of the Federal Parliament, endorsed the Avoidance of Double Taxation Agreement ("DTA") signed with China on 7 October 2009.
The DTA is expected to enter into force on 1 January 2014 and replace the Belgian–Chinese income tax treaty of 18 April 1985.
This Agreement is one of China’s most favorable DTAs; it basically places Belgium on a par with other preferred trading partners of China - Hong Kong and Singapore.
The important differences from the current 1985 agreement include lower dividend and royalty withholding taxes:
The maximum withholding tax on interest under both the new treaty and the 1985 one is set at 10%.
The texts of the new Agreement and Protocol to it are available on the Belgium’s Service Public Federal Finances website.
More contact details and office maps can be found in the section Contacts
© 2015 DS Express Ltd All rights reserved