On 24 September 2021, Norway's Council of State approved the ratification of the pending protocol to the 2014 income tax treaty with Belgium. The protocol, signed 8 September 2021, is the first to amend the treaty and includes the following changes: The preamble is updated in line with BEPS standards; Article 1 (Persons Covered) is amended with the addition of provisions regarding transparent entities, providing that income derived by or through an entity or arrangement that is treated as wholly or partly fiscally transparent under the tax law of either Contracting State shall be considered to be income of a...