Bosnia and Herzegovina signs BEPS MLI on multinational group taxation

The OECD today announced that Bosnia and Herzegovina signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting ( MLI), becoming the 90th jurisdiction to join.

The BEPS MLI is designed to allow countries to swiftly incorporate new tax treaty provisions into their existing bilateral tax treaties. These new tax treaty provisions were agreed to in 2015 result of the OECD/G20 base erosion profit shifting (BEPS) plan. They are designed to curtail multinational group tax avoidance and speed cross border tax dispute resolution.

A total of 37 jurisdictions have deposited their instrument of acceptance, approval or ratification of the MLI with the OECD, causing the agreement to enter into force for those countries and amend 99 tax treaties, the OECD said.