On 22 July 2020, OECD has published the updated position of signatories’ countries regarding the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). Accordingly, MLI entered into force for Indonesia on 1 August 2020. Generally, the MLI would apply from 1 January of the year following its entry into force for two countries that are party to a coverage agreement (tax treaty) for withholding taxes and 6 months after entry into force for other taxes.
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Tax Treaty News: August 2020
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