The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (“Multilateral Instrument” or “MLI”) enables participating jurisdictions to swiftly implement a series of tax treaty measures to update international tax rules and lessen the opportunity for tax avoidance by multinational enterprises (Source OECD).
The Inland Revenue Authority of Singapore (“IRAS”) released on their Multilateral Instrument (MLI) web-site that the MLI amendments made to the existing Double Tax Treaty (“DTA”) with Malaysia came into effect on June 01, 2021.
The measures to be implemented are designed to put an end to tax treaty abuse based on ‘treaty shopping’ as such behaviour is defined under the OECD BEPS action plan.
APAC Frontier Solutions (“AFS”) is specialised in advising on cross-border investments to safeguard investors’ tax compliance under unilateral tax measures, bilateral tax agreements and other relevant investment treaties. Based on our depth of experience, AFS can assist you in establishing policies, procedures and training materials to ensure that you will be compliant with a multitude of tax transparency measures
Based on our depth of experience, AFS can assist you in establishing policies, procedures and training materials to ensure that you will be compliant with a multitude of tax transparency measures.
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