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 below) on January 1, 2019.1 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.
