The Swiss Federal Council on August 22 adopted a dispatch on the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI).
The MLI is designed to swiftly add provisions agreed to as a result of the OECD/G20 Base Erosion and Profit Shifting (BEPS) project into bilateral tax treaties.
The Federal Council said the MLI would initially add BEPS minium standards to Swiss tax treaties with Argentina, Austria, Chile, the Czech Republic, Iceland, Italy, Lithuania, Luxembourg, Mexico, Portugal, South Africa, and Turkey.
The dispatch has been submitted to parliament for approval.
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