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Third 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, as amended by the Second Protocol signed at Brussels on 7 December 2009
Treaty Type:
Bilateral/Plurilateral
Common Name:
Responsible Department:
Inland Revenue
Administering Department:
Inland Revenue
Treaty Summary:
The negotiations were entered into with a view to amending New Zealand's existing 1981 Double Tax Agreement (DTA) with Belgium, to replace the Exchange of Information (EOI) Article with wording that reflects the international standard. Given that New Zealand and Belgium are both also signatories to the joint OECD/Council of Europe Multilateral Convention on Mutual Administrative Assistance in Tax Matters, which includes EOI provisions that already match the international standard, the Third Protocol has little practical significance. However, international scrutiny of EOI arrangements is such that it is important to ensure that the EOI provisions of the DTA and the Multilateral Convention are consistent.
NZ Adherence Status:
In Progress
Negotiation Status:
The negotiations have concluded, and the next step is for the agreement to be signed. However, this is being held pending entry into force of the Second Protocol to the Belgium DTA. After signature, Parliamentary treaty examination will be required, and the Third Protocol will be incorporated into New Zealand domestic law by Order in Council.
Organisation:
Is Signed By NZ:
No
Signature Date:
Ratified or Signed:
No
Requires Ratification:
No
NZ Territorial Applications:
None
Information about required Legislation:
An Order in Council, made under section BH 1 of the Income Tax Act 2007, will need to be made to give effect to the Protocol under New Zealand law.
Impacts on Maori:
No specific impacts on Māori.
Impacts on Stakeholders:
Not applicable.
Link To Legislation:
Treaty Text Link:
Contact Information:
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