Jordan on December 19 signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS MLI), the OECD has announced.
Jordan is the 93rd country to sign the BEPS MLI, which is designed to help countries swiftly add to their existing bilateral tax treaties provisions developed in the 2015 OECD/G20 base erosion profit shifting (BEPS) project. These tax treaty provisions are designed to reduce opportunities for multinational group tax avoidance and speed up cross-border tax dispute resolution.
Measures include provisions that address treaty abuse and that counter avoidance of permanent establishment status and hybrid mismatch arrangements.
The BEPS MLI is not yet in force for Jordan.
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