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BEPS 2015: timetable for multilateral instrument for single tax treaty

The OECD has set up a working group with over 90 countries to facilitate negotiations over the creation of a new multilateral instrument – tax agreement - to speed up adoption of treaty-based BEPS (Base Erosion and Profit Shifting) issues and counter aggressive tax avoidance

The new tax agreement will help countries to implement the BEPS measures more effectively, while respecting sovereign autonomy in tax matters. It will override existing double tax agreements.

The BEPS package is designed to be implemented via changes in domestic law and practices, and via treaty provisions, with negotiations for a multilateral instrument under way.

The plan is to issue the final multilateral instrument for endorsement by countries by the end of 2016.

Around 90 countries, including OECD and G20 countries, will be involved in the treaty talks.

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