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Belgium Approves Tax Treaty with the Isle of Man

25 March 2015

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Treaty Development

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Belgium-Isle Of Man

On 13 March 2015, the Belgian government approved for ratification the pending income tax treaty with the Isle of Man. The treaty, signed 16 July 2009, is the first of its kind between the two jurisdictions. Taxes Covered The treaty covers Belgian individual income tax, corporate income tax, income tax on legal entities, and income tax on nonresidents. It covers Isle of Man taxes on income and profits. Withholding Tax Rates Dividends - 0% if the beneficial owner is a company that has directly held at least 10% of the paying company's capital for an uninterrupted period of at least...