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23 December 2016

Australia to adopt BEPS Multilateral Instrument to amend tax treaties

Australia's Treasury released a consultation paper on December 19, outlining its preliminary approach to adopting the Organisation for Economic Co-operation and Development's (OECD's) Base Erosion and Profit Shifting (BEPS) Convention (Multilateral Instrument or MLI) of November 24 to amend existing double tax agreements (DTAs). The Australian consultation paper (ACP - Treasury Link) invites input by February 6, 2017 on the various practical and technical challenges and outlines Australia's proposed policy. The ACP is a significant marker for international businesses to use in planning their international business supply chains and activities, even at this early stage.

A Tax Alert prepared by EY's Global Tax Desk Network, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-2213

Document ID: 2016-2213

 

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