Multilateral tax treaty to enter into force for Norway

The OECD today announced that Norway has deposited its instrument ratifying the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI).

This is the last step that Norway needed for the tax treaty to enter into force. The multilateral treaty will enter into force for Norway on November 1.

Norway is the 30th country to submit its MLI ratification documents to the OECD. Eighty-nine jurisdictions have signed the MLI and six more have expressed an intent to sign.

The MLI is a multilateral tax treaty designed to thwart tax avoidance techniques used by multinational groups and to help speed cross-border tax dispute resolution. It is designed to allow countries to swiftly add provisions agreed to by countries as a result of the OECD/G20 base erosion profit shifting (BEPS) plan.