Tag: Multilateral Instrument (MLI)
The “Multilateral Instrument” or “MLI” is short for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting which implemented a series of tax treaty measures to update international tax rules and lessen the opportunity for tax avoidance by multinational enterprises. The MLI entered into force on 1 July 2018.
Signing of the Multilateral Convention to prevent Base Erotion and Profit Shifting “Multilateral Instrument”
On 7 June 2017, over 70 Ministers and other high-level representatives participated in the signing ceremony of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (“Multilateral Instrument” or “MLI”). Signatories include jurisdictions from all continents and all levels of development. A number of jurisdictions have also expressed their intention to sign the MLI as soon as possible and other jurisdictions are also actively working towards signature. multilateral-convention-to-implement-tax-treaty-related-measures-to-prevent-BEPS ...