CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Jordan Signs Up To BEPS MLI

Jordan Signs Up To BEPS MLI

by Lorys Charalambous, Tax-News.com, Cyprus

31 December 2019


Jordan on December 19 signed up to the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the Convention).

Jordan became the 93rd jurisdiction to join the Convention, which now covers over 1,650 bilateral tax treaties.

The Convention became effective on January 1, 2019, and now applies to 133 tax treaties concluded among the 38 jurisdictions that have already deposited their instrument of acceptance, approval, or ratification.

The Convention is the first multilateral treaty of its kind, allowing jurisdictions to integrate results from the OECD/G20 BEPS Project into their existing networks of bilateral tax treaties. Measures included in the Convention address treaty abuse, strategies to avoid the creation of a "permanent establishment", and hybrid mismatch arrangements. The Convention also enhances the dispute resolution mechanism, especially through the addition of an optional provision on mandatory binding arbitration, which has been taken up by 30 jurisdictions.

TAGS: tax | transfer pricing | Jordan | G20 | Tax | BEPS

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »