The Multilateral Convention on the Implementation of Measures Related to Tax Agreements in order to counteract the erosion of the tax base and the withdrawal of profits from taxation is an international treaty that simultaneously, taking into account the recommendations of the BEPS project, amends all bilateral agreements on the avoidance of double taxation. The BEPS (Base erosion and profit shifting) project is a Plan of measures to counteract the erosion of the tax base and the withdrawal of profits from taxation, developed by the OECD jointly with the G20 countries. The BEPS project provides for the implementation of 15 standards, of which 5, including accession to the Multilateral Convention, are mandatory for all countries.
The Multilateral Convention was adopted on November 24, 2016 in Paris. At the same time, the Republic of Kazakhstan ratified by the Decree of the President of the Republic of Kazakhstan on February 20, 2020. The date of commencement of the Multilateral Convention on Taxes at the source of Payment - 01.01.2021, other taxes – 01.04.2021 From 01.01.2021. Amendments have been made to 22 of the 55 double taxation avoidance agreements ratified by the Republic of Kazakhstan.
List of partner countries of the Republic of Kazakhstan, agreements with which MLI has been amended since 01.01.2021.
2.Canada
5.India
9.Lithuania
11.Poland
12.russian federation
15.Singapore
19.UAE
20.Great Britain
21.Korea