The Japanese government today announced that its tax treaties with Australia, Slovakia, and France have been modified because Japan and these partners have now ratified a multilateral tax treaty developed by the OECD.
The Japanese government said that the three countries and Japan have ratified the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting.
Thus, Australia, Slovakia, and France’s existing bilateral tax treaties with Japan will be changed to add new provisions designed to curtail tax avoidance and improve tax dispute resolution of January 1, 2019, the Japanese government said.
The new provisions were developed in 2015 and agreed to by OECD and G20 nations in the base erosion profit shifting (BEPS) project.
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