29 June 2018 New signatories and additional deposits of ratification for Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS discussed Three additional jurisdictions (Kazakhstan, Peru and the United Arab Emirates (UAE)) signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS) (the MLI) during a third signing ceremony on June 27, which took place in Lima, Peru, in conjunction with the fifth plenary session of the Inclusive Framework on BEPS. At the time of signature, the three 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. Based on the current overall positions, it is expected that over 1,300 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. The three new signatories listed a total of 175 tax treaties. Document ID: 2018-1331 |
