S.I. No. 89/1970 - Double Taxation Relief (Sea Or Air Transport) (Belgium) Order, 1970.

1. The present Agreement shall be ratified and the instruments of ratification shall be exchanged at Dublin as soon as possible.

2. It shall come into force on the day of the exchange of the instruments of ratification and shall apply

(

a

) as regards Irish taxes, in respect of income and profits derived on or after the 1st January, 1950, and

(

b

) as regards Belgian taxes, in respect of income and profits earned in accounting periods ending on or after 31 December, 1950.

ARTICLE 4.

The present Agreement may be terminated by either Contracting Party by giving to the other Contracting Party six months notice in writing it being agreed in that event that the Agreement shall cease to have effect

(

a

) as concerns Ireland, in respect of income and profits derived on or after the 1st January preceding the expiration of this interval of six months;

(

b

) as concerns Belgium, in respect of income and profits earned in accounting periods ending on or after the 31st December immediately following the expiration of that same interval.

In witness whereof the Plenipotentiaries of the two States have signed this Agreement and have thereto affixed their seals.

Done at Brussels, the 4th December 1967, in duplicate, in the English, Irish, French and Dutch languages, the four texts being equally authoritative.

For Ireland

For Belgium

Gerard Woods

Pierre Harmel

GIVEN under the Official Seal of the Government, this 28th day of April, 1970.

SEÁN Ó LOINSIGH,

Taoiseach.

EXPLANATORY NOTE.

The purpose of this Order is to give the force of law in Ireland to the Agreement dated 4th December, 1967 between Ireland and Belgium for the purpose of avoiding double taxation of income derived from the business of sea and air transport.

S.I. No. 89 of 1970.

DOUBLE TAXATION RELIEF (SEA OR AIR TRANSPORT) (BELGIUM) ORDER, 1970.

WHEREAS it is enacted by

section 362

of the

Income Tax Act, 1967

(No. 6 of 1967), that the Government may by order confirm and give the force of law to an arrangement entered into by the Government with the government of a foreign state with a view to affording relief from double taxation in cases where income derived from the business of sea or air transport is chargeable both in the State and in the foreign state to income tax, or to any tax corresponding to income tax, or to any other tax on profits

AND WHEREAS it is further enacted by section 362 (4) of that Act that where an order is proposed to be made under that section, a draft thereof shall be laid before Dáil Éireann and the order shall not be made until a resolution approving of the draft has been passed by Dáil Éireann

AND WHEREAS a draft of this Order has been laid before Dáil Éireann and a resolution approving of the draft has been passed by Dáil Éireann

NOW, the Government, in exercise of the powers conferred on them by

section 362

of the

Income Tax Act, 1967

(No. 6 of 1967), hereby order as follows