• Isle of Man - Belgium
    Tax Treaty Signed

    19-07-2012

    The Isle of Man signed an Income Tax Treaty with Belgium on 16 July 2009.

    The treaty will come into force after the two countries exchange ratification instruments. The provisions of the treaty will have effect from 1 January of the year following that in which the treaty enters into force.

    In accordance with the tax treaty the following withholding taxes shall apply:

    • Dividends:
      • 0% if the beneficial owner is a company which holds, for an uninterrupted period of at least 12 months, directly at least 10% of the capital of the company paying the dividends.
      • 0% if the beneficial owner is a pension fund, provided that such dividends are not derived from the carrying on of a business by the pension fund or through an associated enterprise.
      • 15% in all other cases.

    • Interest:
      • 0% if the interest is paid in respect of a loan granted or a credit extended by an enterprise to another enterprise.
      • 0% if the interest is paid in respect of a loan granted, guaranteed or insured or a credit extended, guaranteed or insured under a scheme organized by a Party or one of its political subdivisions or local authorities in order to promote export.
      • 0% if the interest is paid to a pension fund.
      • 0% if the interest is paid to the other Party or one of its political subdivisions or local authorities.
      • 10% in all other cases.

    • Royalties: 0% withholding tax on royalties.
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