Belize has become the 86th country to sign the OECD’s ‘Multilateral convention to implement tax treaty related measures to prevent BEPS’. Monaco has deposited its instrument of ratification with the OECD and the convention will come into effect for that country on 1 May 2019.
The ‘multilateral instrument’ (MLI) allows jurisdictions to integrate results from the OECD/G20 BEPS project into their existing networks of bilateral tax treaties and contains an optional provision on mandatory binding arbitration, which has been taken up by 28 jurisdictions. See bit.ly/2gTnHee.
Belize has become the 86th country to sign the OECD’s ‘Multilateral convention to implement tax treaty related measures to prevent BEPS’. Monaco has deposited its instrument of ratification with the OECD and the convention will come into effect for that country on 1 May 2019.
The ‘multilateral instrument’ (MLI) allows jurisdictions to integrate results from the OECD/G20 BEPS project into their existing networks of bilateral tax treaties and contains an optional provision on mandatory binding arbitration, which has been taken up by 28 jurisdictions. See bit.ly/2gTnHee.
