The UAE and Belgium have signed their first double taxation agreement in 1996. The treaty was signed for a 5-year period of time and renewed every time it expired. The UAE-Belgium double tax treaty covers the following taxes:
The document also provides for special surcharges applied different taxes in both countries. The taxes will be collected by the authorities in both contracting states. The avoidance of double taxation will occur by granting exemptions or credits against the taxes paid by an individual or company in one of the contracting states. The method depends on the income falling under the governance of the UAE-Belgium double tax agreement.
The agreement between UAE and Belgium covers the incomes stated above, but also other elements of these incomes. These are:
With respect to the taxation of dividends, interests and royalties the following reduced rates apply:
For information related to other taxes under the double taxation treaty with Belgium you can refer to our agents in Dubai.
The agreement against double taxation between the UAE and Belgium also contains three special provisions:
For complete information about the provisions of the double tax treaty with Belgium do not hesitate to contact our company registration agents in Dubai.