Q&A Webinar: Multilateral BEPS Convention

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THE MULTILATERAL
INSTRUMENT (MLI)
Q&A Webinar - 9 June 2017

MLI Signing Ceremony – Paris 7 June 2017
• 67 signatories
• 68 jurisdictions covered
• Nine expressions of interest
and co...

Answers
• Jeff Vanderwolk
• Gita Kothari
• Maikel Evers
Questions
• WebEx chat
• E-mail: multilateralinstrument@oecd.org
•...

Overview
1. Why the MLI?
2. Functioning and legal nature of the MLI
3. Outcomes 7 June signing ceremony
4. What’s next
5. ...

Overview
1. Why the MLI?
2. Functioning and legal nature of the MLI
3. Outcomes 7 June signing ceremony
4. What’s next
5. ...

Profit ShiftingBase Erosion
2013

Treaty shopping
C
A
B
(Letterbox)
Dividends
Royalties
Interest
 Q&A 31
South
Africa
EU MS
TREATY
___Divid
end___
_____
PE...

Dispute resolution
Improved dispute
resolution mechanism
Minimum Standard
Arbitration procedure
Optional
ALL 25

Overview
1. Why the MLI?
2. Functioning and legal nature of the MLI
3. Outcomes 7 June signing ceremony
4. What’s next
5. ...

Legal conception
One
negotiation,
one signature,
one ratification
MLI sits
alongside
existing
bilateral tax
treaties
modif...

11
Key Features
Developed by more than 100 countries and jurisdictions
Modification of thousands of existing tax treaties
...

12
Specifying tax treaties covered
Meeting a minimum standard in another way
Opting out of non-minimum standard provisions...

13
Mechanics – Compatibility clauses
“in place of”
“applies to”
or
“modifies”
“in the
absence of”
“in place of
or
in the a...

Overview
1. Why the MLI?
2. Functioning and legal nature of the MLI
3. Outcomes 7 June signing ceremony
4. What’s next
5. ...

MLI Signing Ceremony – Paris 7 June 2017
68
MLI POSITIONS
PROVISIONAL
67
MULTILATERAL
CONVENTION TO
IMPLEMENT TAX TREATY
R...

Key figures
67Signatories
Matched
agreements
68
1 105
Jurisdictions
covered
PA
CM
NG
EECI
JM
LB
MU
TN
Intentions to sign

Action 6 and Action 14
12
Principal Purposes Test
All
Supplementary S-LOB
44
Submission
to both CAs
25
MAP
Arbitration
18 7

Overview
1. Why the MLI?
2. Functioning and legal nature of the MLI
3. Outcomes 7 June signing ceremony
4. What’s next
5. ...

Domestic
procedures
for ratification
Domestic
procedures
for signature
19
February 2015 November
2016
June 2017 Entry
into...

20
Ratification
“Open offer” to treaty
partners within the limits
of country’s own MLI
Position
No need to return to
parli...

21
Entry into force
8
• Entry into force of the MLI
• Ratification by 5 Signatories required
• Entry into force for each s...

22
Entry into effect
8
As of the latest date on which the
MLI enters into force for each
of the Contracting Jurisdictions
...

23
Clarity: Application toolkit
Depositary
tools
• Already online:
• Matching database – possibly phased release
• To be f...

24
Matching flowcharts
Is Art. 7
opted out of entirely
under Art. 7(16)?
Art. 7
does not apply
Does either party
make a re...

25
Consolidation and languages
• Consolidation
• Legal relevance
• Relevance for practice
• Language
• EN & FR authentic
•...

Overview
1. Why the MLI?
2. Functioning and legal nature of the MLI
3. Outcomes 7 June signing ceremony
4. What’s next
5. ...

For more questions
• E-mail: multilateralinstrument@oecd.org
• Twitter: @oecdtax #MLIBEPS
• OECD Tax Talks late June 2017
...

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