Luxembourg signs the Multilateral Convention
On 7 June 2017 the Luxembourg Finance Minister Pierre Gramegna signed, on behalf of Luxembourg, the OECD Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting, which aims to close loopholes in
See MoreLatvia signs OECD Multilateral Instrument
On 7 June, the Foreign Minister signed, on behalf of Latvia, the OECD Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting, which is to close loopholes in the current bilateral tax treaties and
See MoreBotswana joins OECD’s Inclusive Framework on BEPS
Botswana has joined the OECD's base erosion and profit shifting (BEPS) Inclusive Framework. The OECD announced June 9 that Botswana has joined the “Inclusive Framework on BEPS,” becoming the framework’s 99th member. The Inclusive Framework on
See MoreSingapore: Multilateral Convention on BEPS signed
Singapore has signed the multilateral instrument on 7 June 2017, aiming to facilitate the implementation of tax related measures to Prevent Base Erosion and Profit Shifting (MLI). Singapore intends for the Multilateral Instrument to apply to Double
See MoreGuernsey signs OECD Agreement to prevent corporate tax avoidance
Guernsey has signed the Multilateral Convention to implement tax treaty related measures to prevent Base Erosion and Profit Shifting ("Multilateral Instrument" or "MLI"). On 7 June 2017, the President of the Policy & Resources Committee, Deputy
See MoreCzech Republic signs OECD Multilateral Instrument on tax treaty related measures
The Czech Republic has signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting ("Multilateral Instrument" or "MLI"). On 7th of June 2017, over 70 Ministers and other high-level
See MoreFinland signs multilateral tax treaty convention
Finland has signed the Multilateral Convention ("Multilateral Instrument" or "MLI") to implement tax treaty related measures to prevent base erosion and profit shifting (BEPS). On 7 June 2017, the Minister for Foreign Trade and Development Kai
See MoreChile signs OECD Multilateral Treaty on Double Taxation
Chile has signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting ("Multilateral Instrument" or "MLI"). More than 68 countries, including Chile, signed the Convention on 7 June 2017 at
See MoreBulgaria signs new multilateral convention to prevent tax avoidance
Bulgaria has signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting ("Multilateral Instrument" or "MLI"). More than 68 countries, including Bulgaria, signed the Convention on 7 June
See MoreNew Zealand signs BEPS Multilateral Instrument
On 7th June 2017 the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (referred to as the Multilateral Instrument, or MLI) was signed in Paris. This OECD measure targets base erosion and profit shifting (BEPS). It
See MoreCyprus signs OECD Multilateral Instrument
Cyprus has signed the Multilateral Convention to implement tax treaty related measures to prevent Base Erosion and Profit Shifting ("Multilateral Instrument" or "MLI"). More than 68 countries, including Cyprus, signed the Convention on 7 June 2017
See MoreCosta Rica signs OECD Multilateral Instrument
Costa Rica has signed the Multilateral Convention to implement tax treaty related measures to prevent Base Erosion and Profit Shifting ("Multilateral Instrument" or "MLI"). More than 68 countries, including Costa Rica, signed the Convention on 7
See MorePakistan: Proposes documentation and CbC reporting requirements
On June 5, 2017, Pakistan's Federal Board of Revenue has presented a notification (Notification SRO 421 (I) / 2017) regarding Documentation and country-by-country reporting requirements in respect of transfer pricing. The proposed requirements are
See MoreCanada signs OECD Multilateral Treaty on Double Taxation
Canada has signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting ("Multilateral Instrument" or "MLI"). More than 68 countries, including Canada, signed the Convention on 7 June 2017
See MoreJapan signs the Multilateral Convention to implement tax treaty related BEPS measures
The Minister of State for Foreign Affairs, on 7 June 2017 in Paris on behalf of Japan, signed the Multilateral Agreement on the Implementation of Taxation Related Measures to Avoid Basic Erosion and Profit Shift. The Ministry of Foreign Affairs of
See MoreIceland signs new multilateral convention to prevent tax avoidance
Iceland has signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting ("Multilateral Instrument" or "MLI"). On 7 June 2017, over 70 Ministers and other high-level representatives
See MoreTaiwan: Draft amendment to controlled foreign company rules issued
Taiwan’s Ministry of Finance issued Ruling No. 10604557490 on 6 June 2017, providing clarification to the proposed controlled foreign company (CFC) regulations which was issued on 9 November 2016. According to the proposed CFC rules, Taiwanese
See MoreHong Kong: AEOI agreement with Ireland
Hong Kong has signed an agreement with Ireland for conducting automatic exchange of financial account information in tax matters (AEOI) from 2018 onwards, a Government spokesman said on June 8, 2017. The spokesman added that they have been seeking
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