According to preliminary media reports, the Belgian government approved for ratification the TIEA with St. Lucia on December 21, 2012.
The TIEA between Canada and Saint Lucia entered into force on July 20, 2012, the Canadian Ministry of Finance confirmed on August 8, 2012.
The TIEA was signed on January 18, 2010, and has effect from May 19, 2011. The TIEA applies to taxes of all kinds, and to any identical taxes imposed/taxes amended after date of signature. The TIEA provides for the exchange of information relevant to determination, assessment and collection of taxes, the recovery and enforcement of tax claims, and the investigation or prosecution of tax matters. The TIEA also provides for exchange of information held by banks and financial institutions, and information regarding ownership of companies, partnerships etc.