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Govt. ratifies MLI to implement BEPS related measures

June 13, 2019
The Union Cabinet has ratified the Multilateral Instruments (MLI) to implement tax treaty related measures to prevent Base Erosion and Profit Shifting which was signed on June 6, 2017 at Paris. The MLI would not replace the provisions of tax treaties but would be read along with tax treaties. Ratification of MLI will enable application of BEPS outcomes through modification of existing tax treaties in a swift manner
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