The relevant document has been published and has entered into force. According to the document, Corina Alexa, State Secretary at the Ministry of Finance, has been appointed head of the Moldovan negotiating team.
Currently, both parties are guided by the agreement signed back in 1987 between the governments of the Union of Soviet Socialist Republics and the Kingdom of Belgium on the avoidance of double taxation of income and property.
The provisions of this agreement apply to the taxes in effect at the time of its signing.
With regard to Moldova, this includes the tax on the income of foreign legal entities, personal income tax (including foreign individuals), agricultural tax, property tax, and land tax.
The agreement provides that its provisions shall also apply to identical or similar taxes that are introduced after the date of signing the document, either in addition to or in place of existing taxes.
To promote economic cooperation with various countries, Moldova has signed a number of double taxation avoidance agreements. Among the most recent countries are Malta, Georgia, and the United Arab Emirates.
