26 January 2018 Six additional jurisdictions sign Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS Six additional jurisdictions (Barbados, Côte d'Ivoire, Jamaica, Malaysia, Panama and Tunisia) signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS) (the MLI) during a second signing ceremony on January 24, which took place at the Organisation for Economic Co-operation and Development (OECD) Headquarters in Paris, in conjunction with a plenary session of the Inclusive Framework on BEPS. Four other jurisdictions (Algeria, Kazakhstan, Oman and Swaziland) expressed their intent to sign the MLI in the near future. At the time of signature, the six signatories submitted a list of their tax treaties in force that they would like to designate as Covered Tax Agreements (CTAs), i.e., treaties to be amended through the MLI. At this stage, it is expected that over 1,200 tax treaties will be modified based on matching of the specific provisions that jurisdictions wish to add or change within the CTAs nominated by signatories. Document ID: 2018-0205 |
