|OECD MULTILATERIAL CONVENTION TO PREVENT BEPS|
|The final version of the OECD Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) was published at the end of November 2016, and the signing ceremony took place in Paris on 7 June 2017, during which 68 countries covering 69 jurisdictions signed the instrument. Cameroon and Mauritius joined the initial signatories on early July 2017. Austria and Isle of Man are the first 2 of 5 countries to ratify and deposit the instrument with the OECD to make the MLI effective. 3 more countries MLI deposits are awaited, and then the MLI becomes effective.
In this article, the authors provide a general description of the MLI, discuss the step plan to analyse whether a given tax treaty provision will be impacted by the instrument and offer some personal concluding remarks.
|Download the “Implementation Guide and Initial Thoughts” here|
Thank you to out colleagues at PKF Durban for bringing this article to our attention.
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