On September 13, 2018 the OECD issued a press release announcing that on September 11, 2018 Lithuania deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) and that on September 13, 2018 Israel deposited its instrument of ratification for the MLI.

 

·         Lithuania’s Status of List of Reservations and Notifications upon Deposit of the Instrument of Ratification can be found here; and

·         Israel’s Status of List of Reservations and Notifications upon Deposit of the Instrument of Ratification can be found here.

 

Click here to be forwarded to the list of signatories to the MLI (Status as of September 13, 2018) as available on the website of the OECD.

 

Based on Article 34, Paragraph 2 of the MLI, with respect to Israel and Lithuania the MLI shall enter into force on the first day of the month following the expiration of a period of three calendar months beginning on the date of the deposit of their respective instruments of ratification. Therefore with respect to Israel and Lithuania the MLI will enter into force on January 1, 2019.

 

·         Text of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS

·         Explanatory Statement to the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS

 

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