Amendment to the real estate clause changes taxation rules for profits on the sale of real estate companies
The change of real estate clause
The OECD Multilateral Instrument (MLI) after ratification by the contractual parties modifies bilateral tax treaties.
The OECD Multilateral Instrument (MLI), which after ratification by the contractual parties modifies bilateral tax treaties concluded to eliminate double taxation, has already affected 10 double taxation avoidance treaties applied by Slovakia. The MLI inter alia modified the wording of the real estate clause in a number of these tax treaties.
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