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Double Tax Agreement
"Need a Double Tax Agreement between Belgium and Singapore to be effective from March 2025, with specific provisions for digital services and software licensing, focusing on technology sector tax treatment and including clear permanent establishment rules for digital operations."
1. Parties: Identification of the contracting states entering into the agreement
2. Background: States the purpose of preventing double taxation and tax evasion between the contracting states
3. Definitions: Defines key terms including 'resident', 'permanent establishment', and other relevant terminology
4. Scope of Agreement: Specifies the taxes and persons covered by the agreement
5. Residence Rules: Establishes criteria for determining tax residence and resolving dual residence
6. Permanent Establishment: Defines and sets conditions for what constitutes a permanent establishment
7. Income from Immovable Property: Rules for taxing income derived from real estate
8. Business Profits: Provisions regarding taxation of business income
9. Associated Enterprises: Rules for dealing with related company transactions and transfer pricing
10. Dividends, Interest, and Royalties: Specific provisions for these types of passive income
11. Capital Gains: Rules for taxing gains from alienation of property
12. Employment Income: Provisions for taxing salaries and other employment compensation
13. Elimination of Double Taxation: Methods for avoiding double taxation (credit or exemption method)
14. Non-discrimination: Ensures fair treatment of residents of both states
15. Mutual Agreement Procedure: Process for resolving disputes between tax authorities
16. Exchange of Information: Framework for information sharing between tax authorities
17. Entry into Force: Provisions regarding when the agreement becomes effective
18. Termination: Conditions and process for terminating the agreement
1. Independent Personal Services: Used when specifically addressing income from professional services - often included in older treaties but now usually covered under Business Profits
2. Artistes and Sportspersons: Special provisions for entertainers and athletes, included when significant cross-border entertainment activity exists
3. Pensions and Social Security: Specific provisions for retirement income, included when there is significant cross-border pension activity
4. Government Service: Special provisions for public sector employees, included when significant government service arrangements exist
5. Students: Provisions for students and trainees, included when significant educational exchange exists
6. Limitation on Benefits: Anti-abuse provisions, included when treaty shopping is a concern
7. Offshore Activities: Included when dealing with countries with significant offshore operations
8. Investment Funds: Special provisions for investment vehicles, included when significant fund activity exists between countries
1. Protocol: Additional provisions clarifying or modifying specific articles of the main agreement
2. Schedule of Covered Taxes: Detailed list of specific taxes in each country covered by the agreement
3. Administrative Procedures: Detailed procedures for implementing the agreement's provisions
4. Exchange of Notes: Diplomatic notes exchanged between countries clarifying certain provisions
5. Most Favored Nation Provisions: List of provisions that may be automatically updated based on other treaties
6. Anti-Abuse Provisions: Detailed rules and examples regarding anti-abuse measures
Authors
Financial Services
International Trade
Manufacturing
Professional Services
Technology
Energy
Real Estate
Transportation & Logistics
Healthcare
Education
Media & Entertainment
Construction
Retail
Telecommunications
Finance
Legal
Tax
Treasury
Compliance
International Business Development
Corporate Secretariat
Human Resources
Risk Management
Government Relations
Tax Director
International Tax Manager
Chief Financial Officer
Financial Controller
Tax Consultant
Corporate Lawyer
Finance Manager
Compliance Officer
Treasury Manager
International Business Development Manager
Transfer Pricing Specialist
Tax Partner
Global Mobility Manager
International HR Manager
Corporate Secretary
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