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Belgium Approves Protocol to the Tax Treaty with Vietnam — Orbitax Tax News & Alerts

On 3 April 2015, the Belgian Council of Ministers approved the law for the ratification of the pending protocol to the 1996 income and capital tax treaty with Vietnam. The protocol, signed 12 March 2012, modifies the competent authority in respect of Belgium and replaces Article 26 (Exchange of Information), bringing it in line with the OECD standard for information exchange.

The protocol will enter into force once the ratification instruments are exchanged, and will apply from 1 January of the year following its entry into force.