Belgium Announces Revised Effective Dates of New DTA with China

Belgium’s finance ministry on January 27 announced changes to the effective dates of the agreement for the avoidance of double taxation and prevention of fiscal evasion with China.

The finance ministry had previously announced that the agreement would come into effect on Jan. 4, 2014 and apply to taxes on income derived from January 1, 2015, and on other income of taxable periods beginning on or after January 1, 2015.

However, the finance ministry has now said that the respective dates have changed, with the agreement given the effective date of December 29, 2013.

The DTA will apply to withholding taxes on income derived from Jan. 1, 2014, and to other income of taxable periods beginning on or after January 1, 2014.

The two countries had signed a revised tax treaty on October 7, 2009, which replaced the original agreement of April 18, 1985.

Credit: Tax Treaties Analysis