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Indonesia Deposits Ratification Instrument for BEPS MLI

01 May 2020

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Treaty Development

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Indonesia-OECD

According to an update from the OECD, Indonesia deposited on 28 April 2020 its ratification instrument for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). Based on the date of deposit, the MLI will enter into force for Indonesia on 1 August 2020, although its entry into force for Indonesia's covered agreements (tax treaties) will depend on the ratification of the MLI by the counterparty to a particular covered agreement. The MLI will generally enter into force for a particular covered agreement on the first day of the month following a...