On 24 June 2016, Turkey published in the Official Gazette the law ratifying the pending protocol to the 1987 income tax treaty with Belgium. The protocol, signed 9 July 2013, is the first to amend the treaty. It updates the definition of competent authority in respect of Belgium under Article 3 (General Definitions), replaces Article 26 (Exchange of Information) to bring it in line with the OECD standard for information exchange, and replaces Article 27 (Assistance in Recovery).
The protoco…