Quick Summary
The Ministry of Finance has officially notified the enforcement of the Protocol amending the Double Taxation Avoidance Agreement (DTAA) between India and Belgium. The amendment, signed in New Delhi on March 9, 2017, came into effect on June 26, 2025, marking a significant update in bilateral tax coo
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
Buy CCI PRO Now
Already a PRO member? Login here for an ad-free experience.
FAQ :
The Protocol entered into force on June 26, 2025, after both governments completed their legal formalities.
Key changes include updated definitions for 'competent authority' and 'criminal tax matters', strengthened exchange of information, and the introduction of mutual assistance in tax collection.
Article 26 of the amended agreement significantly broadens the scope of information exchange, allowing authorities to share details relevant to enforcing tax laws, including information held by banks and financial institutions.
Yes, a new Article 27 introduces mutual assistance in tax collection, enabling one country to help the other recover tax dues, interest, and penalties, subject to certain conditions.
The updated DTAA strengthens India's tax treaty framework, aligns it with global standards like the OECD's BEPS project, and enhances its reputation as a transparent tax jurisdiction.
CAclubindia
