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Protocol Signed to Amend Belgium U.K. Tax Treaty

18 March 2014

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Treaty Development

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United Kingdom-Belgium

The United Kingdom and Belgium signed a protocol on March 13th 2014 that clarifies the application of amendments made by the 2010 protocol. The recently signed protocol clarifies that the amendments made in the 2009 protocol are applicable not only to federal taxes, but also taxes levied by various regions and communities in each country. It also confirms that  regional and communal Finance Ministers are recognized as competent authorities. The 2010 protocol updated the exchange of information article to bring it in line with OECD standards. The protocol also included several technical revisions and introduced a provision dealing with mutual agreement...