On 30 January 2018, officials from Belgium and Russia signed an amending protocol to the 2015 income and capital tax treaty between the two countries, which was signed 19 May 2015 and is currently pending the completion of ratification procedures (previous coverage). The protocol amends Article 13 (Capital Gains) to provide that gains from the alienation of shares or similar rights in a company deriving more than 50% of their value directly or indirectly from immovable property situated in a Contracting State may be taxed by that State, unless:
The protocol will enter into force once the ratification instruments are exchanged and will apply from 1 January of the year following its entry into force.
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