26 March 2018 BEPS Multilateral Convention will enter into force on July 1 for first five jurisdictions The Organisation for Economic Co-operation and Development (OECD) announced on March 22, that Slovenia has deposited its instrument of ratification, acceptance or approval of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (the MLI), becoming the fifth jurisdiction to do so. This means that the MLI will enter into force on the first day of the month following the expiration of a period of three calendar months beginning on the date of deposit of the fifth instrument of ratification, acceptance or approval, i.e., on July 1. Earlier, the Republic of Austria (September 22, 2017), the Isle of Man (October 19, 2017), Jersey (December 15, 2017), and Poland (January 23, 2018) deposited their instruments with the OECD. These five jurisdictions have confirmed their MLI positions without making any changes, with the exception of Slovenia that removed its tax treaty with Germany from its list of Covered Tax Agreements (CTAs). Document ID: 2018-0657 |
