Decoding MLI | Multilateral Instruments - Sbs and Company LLP - Page 1 - 47 | Flip PDF Online

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Decoding MLI | Multilateral Instruments

MLI has come into effect in India from April 2020. MLI provides solutions to the contracting jurisdictions to plug in lacunas and loopholes in international tax treaties by superimposing the provisions into bilateral tax treaties.

MLI allows the contracting jurisdictions to implement agreed minimum standards so that all the countries should find it easy to adopt and amend their bilateral treaties by reserving from applicability of certain articles and choosing the options from set of options, to counter treaty abuse, and to improve dispute resolution mechanisms while providing flexibility to accommodate specific tax treaty policies.

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Decoding MLI | Multilateral Instruments