Tax Client Update | Israel Ratifies the MLI
18 October 2018
Recently Israel informed the OECD that it has ratified the Multilateral Convention to Implement Tax Treaty Related measures to prevent Base Erosion and Profit Shifting (“MLI”), which was signed by the Minister of Finance on 7 June, 2017. The MLI is expected to come into force with respect to the relevant Israeli tax treaties (as explained in the full update) on January 1, 2019. The changes to the double tax treaties provided for in the MLI will apply to the Israeli bilateral tax treaties currently in effect but only with respect to the treaties with countries that have also ratified the MLI in their respective country, and furthermore only with respect to the provisions on which both countries have not submitted reservations to the OECD.
For the reservations and notifications under the MLI of the state of Israel please click here.
Click here for the full update.