ASPAC and the Multilateral Instrument
ASPAC and the Multilateral Instrument
KPMG Australia has released a report explaining the MLI and focusing on the Asia-Pacific region ‘ASPAC and the Multilateral Instrument'.
The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) is a mechanism to change swiftly existing tax treaties in line with recommendations made in the BEPS project and was signed by 67 jurisdictions on 7 June 2017.
This report includes the following:
- List of matched Covered Tax Agreements
- List of provisional MLI positions chosen by the Asia-Pacific countries
- Brief explanation of each provision of the MLI
- Future process and what needs to be done
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