04 September 2018 Luxembourg publishes draft law ratifying Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS The Luxembourg Government submitted the draft law (Draft Law) on July 3, ratifying the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI), which was signed on June 7, to the Luxembourg Parliament. The list of tax treaties in force that Luxembourg would like to designate as Covered Tax Agreements (CTAs), i.e., to be amended through the MLI, as per the Draft Law corresponds to the list submitted at the time of signature of the MLI. The MLI will not modify those treaties, but it will apply in parallel to them and modify their application to ensure the application of the Base Erosion and Profit Shifting (BEPS) measures. Some provisions will apply instead of those of a CTA, others will apply to or modify an existing provision of a CTA, or will apply in absence of such provision of a CTA. Document ID: 2018-1740 |
