01/10/20

INTERNATIONAL TAX: Jordan ratifies BEPS Multilateral Instrument.

As published on transferpricingnews.com, Wednesday 30 September, 2020.

Jordan has deposited with the OECD its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS MLI).

For Jordan, the BEPS MLI will enter into force on January 1, 2021. At the time of ratification, Jordan committed to cover 37 of its tax treaties under the BEPS MLI.

Ratification by Jordan now brings to 53 the number of jurisdictions which have ratified, accepted or approved the BEPS MLI.