On 10 November 2020, Estonia’s parliament (Riigikogu) has accepted for consideration Bill No. 286 SE, to amend a Law on the Ratification of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting.
The Bill will correct some technical errors in the Law. The amendment will bring the Estonian text of the ratification Law into conformity with the original English text of the notifications and reservations.
The Bill will amend the data on the agreement with Belarus in the table of the agreements for the avoidance of double taxation in respect of which Estonia wishes to apply the convention. Under another amendment, the Law will be amended by including a notification according to which Estonia will begin to apply the convention in respect of the taxes covered by tax treaties from the beginning of a calendar year.
The convention was ratified in the Riigikogu on 4 December 2019 but it has not yet entered into force for Estonia. After the entry into force of the amendments, Estonia will be able to submit its instrument of ratification to the depositary of the convention and the convention will be able to enter into force for Estonia. The Convention will enter into force for Estonia on the first day of the month following the expiration of three months after the date of the deposit of its instrument of ratification.
