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On 9 November 2021, officials from Belgium and France signed a new income tax treaty. According to a release on the signing, the new treaty is in line with the latest BEPS standards. It contains, in particular, a new definition of residence as well as provisions relating to permanent establishments and general anti-abuse mechanisms. It also makes it possible to preserve the Contracting States' right to tax capital gains relating to real estate located in a State and in the event of substantial participation in a company. The treaty will enter into force after the ratification instruments are exchanged and, once in force and effective, will replaced the 1964 tax treaty between the two countries. Details of the treaty will be published once available.