The Convention was signed on 19 May 2015 in Brussels.
A draft federal law On Ratifying the Convention between the Russian Federation and Belgium on the Avoidance of Double Taxation and the Prevention of Income and Capital Gains Tax Evasion and the Convention’s Protocol, hereinafter referred to as Draft Law and Convention, has been submitted by the Ministry of Finance and Foreign Ministry.
The Convention was signed on 19 May 2015 in Brussels under Government Directive No. 171-r of 11 February 2014.
The Convention aims to create conditions which would allow legal entities and individuals from either signatory state not to be taxed twice on one and the same types of income in their respective state and partner state.
The Convention guarantees the prevention of tax discrimination, regulates the procedure for reviewing appeals and claims by taxpayers and dispute resolution, as well as provides for information exchanges between specialised agencies of Russia and Belgium. The Convention’s implementation will help invigorate mutually beneficial entrepreneurial and investment activities of both countries’ legal entities and individuals.
The Convention’s provisions meet the provisions of the Treaty on the Eurasian Economic Union of 29 May 2014, as well as the provisions of other international treaties of the Russian Federation.
The Convention is subject to ratification under Federal Law On International Treaties of the Russian Federation because it contains regulations different from those stipulated by Russian legislation.
