On 24 January 2018, the Ministers and high-level officials from Jamaica, Malaysia, Panama, Barbados, Côte d’Ivoire and Tunisia have signed the BEPS Multilateral instrument (MLI) to amend double tax treaties to bring into effect changes designed to prevent tax avoidance by multinational groups, the Organization for Economic Cooperation & Development (OECD) has announced. These signatures bring the total number of signatories to date to 78.
Following Jamaica’s signing of the OECD Multilateral Convention, the government also released its provisional list of expected Reservations and Notifications pursuant to Articles 28(7) and 29(4) of the Convention. The reservations and notifications will be confirmed upon deposit of the instrument of ratification subject to Articles 28(6) and 29(3) of the Convention.
