The University of Sydney-    Classic Texts in Australian and International Taxation Law

Foreign Shipping Companies

In principle, foreign shipping companies whose vessels land in Belgium are liable to income-tax. The Government, however, is empowered1 to conclude international conventions granting on a basis of reciprocity full exemption from income-tax to foreign shipping enterprises not domiciled in Belgium.

Conventions of the kind have been concluded with Norway, Denmark and Iceland, Finland, Ecuador, Sweden and France.

Negotiations are proceeding with other countries.