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UK Parliament Committee Approves Draft Order to Ratify BEPS MLI

16 May 2018

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Treaty Development

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United Kingdom-OECD

The UK Parliament committee considering the draft Double Taxation Relief (Base Erosion and Profit Shifting) Order 2018 approved the draft on 9 May 2018 for the ratification of the BEPS MLI. The committee also approved the draft orders for the ratification of the pending protocols to the 1977 tax treaty with Switzerland and the 1993 tax treaty with Uzbekistan, which include provisions of the MLI. The draft orders are expected to be made as UK Statutory Instruments in the near future, after which the ratification process will be completed when the ratification instrument for the MLI is deposited and when...