Fundamental reform of the Tax Treaty Network

18 July 2017

On 7 June 2017 the first raft of countries have signed up to the new multilateral instrument (MLI) as part of the BEPs initiative.

This represents a fundamental change to the way tax treaties around the world will operate and will have a major impact on the structure of taxation of multinational companies.

The use of intermediate holding companies, the rules on permanent establishment and the availability of reduced rates of withholding tax will all be affected.

BDO specialists have explained how the new rules will operate and what this means for your business in a variety of countries.