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  • Release of the first MLI synthesised texts

    The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting, also known as the Multilateral Instrument (MLI) entered into force for Australia on 1 January 2019.

    The MLI is a multilateral treaty that enables jurisdictions to swiftly modify their tax treaties to implement measures designed to better address multinational tax avoidance and more effectively resolve tax disputes.

    The MLI takes effect for six of Australia’s bilateral tax treaties – France, New Zealand, Japan, Poland, the Slovak Republic and the United Kingdom for:

    • withholding taxes, on income derived on or after 1 January 2019
    • all other taxes, for income years beginning on or after 1 July 2019
    • dispute resolution, after the MLI enters into force for each of the matching jurisdictions.

    Synthesised texts for Australia’s tax treaties which are modified by the MLI are being prepared to help readers of the particular tax treaty understand how it is modified.

    Synthesised texts are currently available for:

    Other synthesised texts will be released progressively when finalised.

    Last modified: 26 Feb 2019QC 58078