On 10 May 2016, Japan's Ministry of Finance published a press release announcing that the governments of Japan and Belgium have agreed in principle on a new tax treaty that will replace the 1968 income tax treaty between the two countries. A previous announcement indicated the current treaty would be amended.
According to the press release, the main differences between the current and new treaty will include:
- Reduced taxation in the source country on investment income (dividends, interest …