Luxembourg bill of law on Multilateral Instrument ratification

Published 05 November 2018 by duvieusart ebel, avocats associés

On 3 July 2018, the Luxembourg Government submitted to Parliament bill of law 7333 for the ratification of the Multilateral Instrument (“MLI”). As a reminder, the MLI, which was signed by Luxembourg in June 2017, was developed by the OECD to implement Base Erosion and Profit Shifting (BEPS) measures into double tax treaties.

Bill of law 7333 contains two articles. While the first one approves the text of the MLI, the second includes the reservations and notifications made by Luxembourg to the OECD on 7 June 2017 when signing the MLI.

If the Luxembourg Parliament votes to approve this bill of law, the formal ratification of the MLI by Luxembourg will be made possible.