On 30 May 2018, the Russian government approved the pending protocol to the new tax treaty with Belgium, which was signed 19 May 2015 but has not yet entered into force ({News-2015-05-21/T/2-previous coverage}). The protocol, signed 30 January 2018, amends Article 13 (Capital Gains) to provide that gains from the alienation of shares or similar rights in a company deriving more than 50% of their value directly or indirectly from immovable property situated in a Contracting State may be taxed …