Tax Treaty: Belgium-China

The tax treaty signed 7 October 2009, once in effect, provides for a 5% withholding tax rate on dividends paid to a company (other than a partnership) that, prior to the time of payment, has held directly at least 25% of the capital of the distributing company for an uninterrupted period of at least 12 months; otherwise, the rate will be 10%. The general withholding tax rate on interest will remain at 10%. Royalties will be subject to a 7% tax rate.