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Six States Signed The BEPS Multilateral Instrument


On 24 January 2018 Barbados, Cote d'Ivoire, Jamaica, Malaysia, Panama, and Tunisia signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting. This convention imposes obligations on countries to amend their agreements on avoidance of double taxation for the implementation of OECD recommendations.

Also, Algeria, Kazakhstan, Oman, and Swaziland intend to sign the Convention by June 2018.

At the moment, 78 jurisdictions have already joined the BEPS Plan.

Furthermore, Austria, the Isle of Man, Jersey, and Poland have ratified the Convention, which will enter into force three months after one-fifth of jurisdictions deposit their instrument of ratification.


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