A new instrument in international taxation
14 November 2019
The so-called multilateral instrument (MLI) is action number 15 of the BEPS (Base Erosion and Profit Shifting)
action plan of the OECD. To transpose the BEPS recommendations, every party to the treaty must, in principle, give its approval per double taxation treaty. That is, of course, an impossible task. Countries that signed the MLI agree to simultaneously implement the new rules in the indicated bilateral treaties without re-negotiation. The MLI takes effect in Belgium on 1 October 2019.