07 June 2018

Japan passes bill on multilateral instrument

The Japanese Diet (Japanese legislature) passed the bill for the multilateral instrument (MLI). As Japan has now completed the domestic process to ratify the MLI, the next step is to deposit its instrument of ratification, acceptance or approval of the MLI. 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 Japan's instrument of ratification, acceptance or approval.

A Global Tax Alert, attached below, provides additional details.

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Document ID: 2018-1172