The Belgian Council of Ministers has approved an amended bilateral Double Taxation Agreement (DTA) between Belgium and Japan in the area of income taxes. The DTA facilitates the exchange of banking information between the two countries and strengthens bilateral cooperation. The agreement will be submitted to the Federal parliament for approval.

The Belgian Council of Ministers also approved Tax Information Exchange Agreements (TIEAs) with Grenada, Montserrat, Gibraltar, and Anguilla. The agreements with Grenada, Montserrat, and Gibraltar cover value-added tax (VAT) and four types of income taxes in Belgium. The TIEA between Belgium and Anguilla covers individual income tax, corporate tax, the tax on legal entities and non-residents, VAT, inheritance and death transfer taxes, and registration duties on inter vivo gifts.

The TIEAs provide for the exchange of fiscal information upon request, including banking information. The treaties are based on standards set by the Organization for Economic Cooperation and Development (OECD).