ARTICLE · 08 DECEMBER 2016

OECD BEPS News – Multilateral Convention And CBC Reports

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This instrument was negotiated among more than 100 countries and will bring changes on more than 2000 tax treaties around the world.

MexicoTax

Gerardo Nieto Martínez

Gil Alonso Zenteno

Alejandro Barrera

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On July 2013, the Organization for Economic Co-operation and Development ("OECD") issued a plan consisting of 15 Actions to tackle the base erosion and profit shifting by multinational enterprises known as "BEPS". Action 13 of the plan requires a new transfer pricing documentation analysis, while Action 15 suggests the implementation of a multilateral agreement to apply anti-BEPS measures.

In compliance with Action 15, on November 24th 2016 the OECD presented a multilateral instrument to implement measures on tax treaties in order to fight BEPS. The text aims to establish measures to neutralize hybrid mismatch arrangements and prevent the artificial avoidance of a permanent establishment status.

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