The multilateral instrument (MLI) negotiated under Action 15 of the OECD/G20 base erosion and profit shifting (BEPS) project and signed by Norway entered into force 1 November 2019.
Norway signed the MLI on 7 June 2017 and deposited its final position regarding the MLI on 17 July 2019, including the list of 28 tax treaties that Norway intended to be covered by the MLI.
For a treaty to be covered by the MLI, both signatories need to have: (1) joined the convention, (2) included each other in their list of covered tax agreements, and (3) deposited their instruments of ratification. The MLI allows the amendment to income tax treaties without the necessity to conduct additional negotiations between the treaty-partner countries.
For Norway, this means that the tax treaties with countries such as Australia, Ireland, Netherlands, Poland, the UK, and others will be affected by the MLI.
For more information, contact a tax professional with the KPMG member firm in Norway:
Per Daniel Nyberg | +47 40 63 92 65 | firstname.lastname@example.org
Lene Lodde, Lene | +47 40 63 95 98 | email@example.com
Andres Kristian Ekern | +47 40 63 90 47 | firstname.lastname@example.org
Thor Leegaard, | +47 40 63 91 83 | email@example.com
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