Multilateral Instrument: State of affairs

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Multilateral Instrument: State of affairs – 9 October 2019

Tax insights

By 1 January 2020, it is expected that 17 of Australia’s tax treaties will be modified by the MLI.

The Multilateral Instrument (MLI) has already started to affect a number of Australia’s double tax treaties with effect from 1 January 2019. As a result of a number of Australia’s treaty partners recently ratifying the MLI, it is expected that by 1 January 2020, 17 of Australia’s tax treaties will be modified by the MLI. This Tax Insights provides a summary of Australia’s affected treaties and the relevant start dates. A key issue arising from the MLI will be to consider the potential impact of the Principal Purpose Test on treaty benefits. In this regard, ATO guidance is expected shortly.

Multilateral Instrument: State of affairs – 9 October 2019
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