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PE Watch | Latest developments and trends, October 2024

10 October 2024

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Tax Alerts, Legislation & Policy, Legislation & Policy, Global

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Hong Kong, Netherlands, United Kingdom, Azerbaijan

BEPS MLIAzerbaijan and Mongolia deposit instrument of ratification of the MLIOn 24 and 30 September 2024, Azerbaijan and Mongolia respectively deposited their instruments of ratification of the Multilateral Instrument (MLI) with the Organisation for Economic Co-operation and Development (OECD) and confirmed their MLI positions.With respect to the Permanent Establishment (PE) provisions, Azerbaijan and Mongolia confirmed their preliminary positions and did not make any additional reservations. Therefore, all the PE provisions will be applicable to Mongolia's Covered Tax Agreements (CTAs) to the extent that there is a matching position between Mongolia and the other contracting state. For Azerbaijan, Article 12 (Agency...