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Second Protocol amending the Convention between the Government of Belgium and the Government of New Zealand for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income, and the Protocol, Signed at Brussels on 15 September 1981
Treaty Type:
Bilateral/Plurilateral
Common Name:
Responsible Department:
Inland Revenue
Administering Department:
Inland Revenue
Treaty Summary:
The negotiations were entered into for the purpose of amending the existing Double Tax Agreement (DTA) with Belgium, by inserting a Non-Discrimination Article into the Agreement. During the negotiations, it was also agreed to make certain other technical updates to the DTA to ensure its provisions match prevailing treaty policy and/or international standards.
NZ Adherence Status:
In Progress
Negotiation Status:
The Second Protocol was signed on 7 December 2009. All New Zealand domestic procedures for entry into force are complete, and New Zealand notified Belgium accordingly be diplomatic note on 7/12/2009. Awaiting reciprocal advice from Belgium. On receipt of their diplomatic note advising completing of all Belgian domestic processes, the DTA will enter into force.
Organisation:
Is Signed By NZ:
Yes
Signature Date:
07/12/2009
Ratified or Signed:
No
Requires Ratification:
No
NZ Territorial Applications:
None
Information about required Legislation:
An Order in Council (the Double Taxation Relief (Belgium) Amendment Order 2010), made on 5 July 2010, under section BH 1 of the Income Tax Act 2007.
Impacts on Maori:
No specific impacts on Māori.
Impacts on Stakeholders:
DTAs are generally seen as taxpayer and business 'friendly'. They are entered into with the aim of reducing tax impediments to cross-border trade, investment and other economic activity. The Protocol will update the existing in several areas, all generally intended to enhance the above. For example, it updates the list of taxes covered by both sides, and inserts a Non-Discrimination Article which will prevent either side from imposing discriminatory taxes.
Link To Legislation:
Treaty Text Link:
Contact Information:
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