Finland finalises plans to join the Multilateral BEPS Convention

Mar 04, 2019

Finland recently submitted its instrument of acceptance of the BEPS Multilateral Convention (MLI) which is due to take effect in June 2019.  A total of 87 states are currently committed to implementing the MLI. 

The MLI aims to close the gaps in existing international tax rules by transposing results from the OECD/G20 BEPS Project into bilateral tax treaties worldwide. The MLI modifies the application of thousands of bilateral tax treaties concluded to eliminate double taxation. It also implements agreed minimum standards to counter treaty abuse and to improve dispute resolution mechanisms while providing flexibility to accommodate specific tax treaties.