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Kenya and Belgium have entered into a bilateral agreement designed to eliminate double taxation and curb tax evasion for businesses and individuals operating between the two countries.
The accord was signed on Tuesday, September 30, at the National Treasury headquarters in Nairobi by Treasury Cabinet Secretary John Mbadi and Belgium’s Ambassador to Kenya, Peter Maddens.
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The agreement is expected to boost economic cooperation and strengthen investment ties. CS Mbadi said the framework will provide certainty in tax matters, promote fairness, and support cross-border trade and investment. He added that the deal also enhances transparency while discouraging tax evasion.
“This agreement builds on the progress made during the 2024 Kenya-Belgium Political Consultations in Brussels, where both sides reaffirmed their commitment to deepen collaboration in trade and investment,” Mbadi noted.
He further pointed out that Kenya’s economy, valued at Sh15 trillion ($121.3 billion) in 2024, continues to grow due to sound macroeconomic policies, a dynamic services sector, and the country’s strategic role as a regional trade hub.
Mbadi said these factors, coupled with a skilled workforce, make Kenya a prime destination for foreign investors.
Ambassador Maddens hailed the deal as a milestone in bilateral relations, saying it closes a critical gap in Kenya-Belgium cooperation and paves the way for new trade and investment opportunities.
The signing comes just a week after Kenya concluded a similar double taxation avoidance agreement with the Czech Republic, highlighting the government’s drive to attract foreign investment and harmonize international tax policies.
