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Legislation to Implement BEPS MLI Submitted to Australian Parliament

|Treaty Development|Australia-OECD
Australia-OECD

On 28 March 2018, the Treasury Laws Amendment (OECD Multilateral Instrument) Bill 2018 was submitted to the Australian parliament. The Bill contains amendments to the Tax Agreements Act to give force of law in Australia to the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), which Australia signed on 7 June 2017. After the amendments are approved, Australia must then deposit its ratification instrument for the MLI for it to e…

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