Kenya and Belgium have taken a major step to deepen their economic ties with the two nations inking a pact to prevent double taxation and tax evasion between them.
The agreement was signed on Tuesday, September 30, at the Nairobi offices of the National Treasury during a ceremony witnessed by Treasury Cabinet Secretary John Mbadi and Belgium’s Ambassador to Kenya, Peter Maddens.
CS Mbadi described the agreement as a “modern framework” that will provide tax certainty, enhance fairness, and promote cross-border income flows. He added that the move is one that is bound to open new opportunities for investment while also making taxation more transparent.
This signature is the follow-up of the momentum of the 2024 Kenya-Belgium Political Consultations in Brussels, during which the two countries reaffirmed their commitment to deepen cooperation on trade and investment,” said Mbadi.
The CS also alluded to Kenya’s growing economy valued at Ksh15 trillion ($121.3 billion) in 2024 and the country’s geographical location as a regional hub with a highly skilled workforce, making it the perfect gateway to Sub-Saharan Africa.
Ambassador Maddens, for his part, hailed the agreement as a strategic breakthrough that deepens diplomatic and economic ties.
The signing comes hardly a week after Kenya signed the same with the Czech Republic, further rooting the government’s agenda to diversify global trade partners and offer an enabling business environment.
