Seychelles And Belgium Begin Negotiations On Double Tax Avoidance Agreement
Officials from the Belgian government met with their counterparts from the
Seychelles last week as the two governments commenced the first round of negotiations
towards a double taxation avoidance agreement (DTAA). According to a communique from the Seychelles Department of Finance, the agreement
will apply to taxes on income imposed on behalf of both contracting parties, and it is hoped that the DTAA will encourage
and promote investment. The agreement was signed on behalf of the government of the Seychelles by Lekha
Nair, principal secretary of the Department of Finance and on behalf of the
Belgian government by Jacques Gombeer, Auditor General from the Belgian Federal
Public Service of the Ministry of Finance. The Seychelles has signed tax treaties with nine countries including China,
South Africa, Indonesia, Thailand, Oman, Malaysia, Namibia and Zimbabwe. When
concluded, the DTAA with Belgium will be the first such agreement that the Seychelles
has signed with a member state of the European Union. .
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