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Indonesia Confirms Completion of Internal Procedures for the Entry into Effect of BEPS MLI for 6 Covered Agreements

14 November 2022

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Treaty Development

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Indonesia-China-Hong Kong-Romania-Seychelles-Spain-Thailand-OECD

According to an update from the OECD, Indonesia deposited on 10 November 2022 an updated notification confirming the completion of its internal procedures for the entry into effect of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) for its covered agreement (tax treaties). The updated notification includes 6 covered agreements in addition to the 27 agreements previously notified. The 6 additional covered agreements include Indonesia's tax treaties with China, Hong Kong, Romania, Seychelles, Spain, and Thailand. The notification confirming the completion of internal procedures is required because Indonesia has taken the...