The Organization for Economic Co-operation and Development (OECD) made an announcement on November 14, 2017, that Qatar joined the Base Erosion and Profit Shifting (BEPS) inclusive Framework. The BEPS inclusive framework is a group of countries that have assured to adopt and monitor the implementation of minimum standards for preventing tax avoidance by multinationals and develop cross-border tax dispute resolution. These minimum standards were set by OECD and G20 countries.
The Qatari Ambassador, H.E. Khalid Bin Rashid Al-Mansouri, in the presence of the Deputy Secretary-General of the OECD, MR Masamichi Kono, signed the OECD Multilateral Convention to Implement Tax Treaty Related Measures on November 10, 2017, to Prevent Base Erosion and Profit Shifting (“Multilateral Instrument” or “MLI”) on behalf of Qatar at the OECD’s headquarters in Paris. It can be also used to promptly implement the transparency measures of the Base Erosion and Profit Shifting (BEPS) project, such as the automatic exchange of Country-by-Country reports and the sharing of rulings.
