Belgium becomes 20th signatory of the Protocol amending the Convention on the 4th of April 2011, Paris, France. Denis Ronday, Belgian Delegation to OECD, Chris Hoornaert, Belgian Ambassador to OECD, Grace Perez-Navarro, Deputy Director of Centre for Tax Policy and Administration and Pier Carlo Padoan, Deputy Secretary General and Chief Economist of the OECD.
Updated - April 2011
On 4 April 2011 Belgium became the 20th country to sign the Protocol amending the Convention on Mutual Assistance in Tax Matters. The OECD and Council of Europe developed the Protocol in response to a G20 call for a multilateral framework for the exchange of information for tax purposes. On 5 June 2010 the G20 responded to the new Protocol by welcoming “the development of a multilateral mechanism for information exchange open to all countries”. The Protocol amends the Convention so that it updates the standard on exchange of information and opens the amended Convention to all countries on 1 June 2011.
The Convention provides a multilateral basis for a wide variety of administrative assistance including information exchange on request, automatic exchange of information, simultaneous tax examinations, assistance in tax collection and service of documents. It provides governments with a valuable tool for fighting offshore tax evasion and avoidance. Following the recent G20 Finance Minister meeting on 19 February 2011 the G20 encourages “jurisdictions to consider signing the Multilateral Convention on Mutual Administrative Assistance in Tax Matters”. For more information on the Convention, the process to become a party and the status of signatures and ratifications see link or for further information contact Jeffrey Owens, Director of the OECD’s Centre for Tax Policy and Administration, (e-mail: firstname.lastname@example.org or tel.: +33 1 45 24 91 08).