This developments summary is intended to assist multinational companies with staying abreast of the status of implementation of the OECD's multilateral instrument (MLI) developed under the BEPS Action 15 initiative.
The summary provides a list of signatories to the MLI, an outline of MLI articles, and initial elections made by the listed countries with respect to the following MLI articles:
- Article 7 — Prevention of Treaty Abuse
- Article 12 — Artificial Avoidance of Permanent Establishment Status through Commissionnaire Arrangements and Similar Strategies
- Article 13 — Artificial Avoidance of Permanent Establishment Status through the Specific Activity Exemptions
- Article 18 — Arbitration.