Denmark on September 30 deposited with the OECD its instrument of acceptance of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (multilateral instrument or MLI), the OECD has announced.
The MLI will enter into force for Denmark on January 1, 2020, the OECD said.
The MLI was developed in an OECD-led process. The multilateral tax treaty is designed to allow countries to swiftly add to their existing bilateral tax treaties provisions agreed to by nations in 2015 as a result of the OECD/G20 base erosion profit shifting (BEPS) plan. These provisions aim to prevent tax treaty abuse by multinational groups and to enable resolution of cross-border tax disputes.
Denmark’s list of reservations and notifications to the MLI can be viewed at this link.
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