Multilateral tax treaty to enter into force for Liechtenstein

Liechtenstein, on December 19, deposited its instrument of acceptance of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting  (BEPS MLI), the OECD has announced.

The BEPS MLI will enter into force for Liechtenstein on April 1, 2020, the OECD said.

The BEPS MLI, a multilateral tax treaty, was developed in 2015 by OECD and G20 countries. Its purpose is to allow countries to swiftly modify their existing bilateral tax treaties to add provisions that reduce opportunities for multinational group tax avoidance and that speed cross-border tax dispute resolution.

Liechtenstein’s list of BEPS MLI reservations and notifications can be found at this link.