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Israel and Lithuania Deposit Ratification Instruments for BEPS MLI

According to an update to the list of signatories, Israel and Lithuania deposited their instruments of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) on 13 and 11 September 2018, respectively. The MLI will enter into force for both countries on 1 January 2019, but its entry into force for the respective covered agreements (tax treaties) will depend on the ratification of the MLI by the counterparty to a particular covered agreement. The 2006 tax treaty between Israel and Lithuania is a covered agreement and will enter into force on that date.

Based on Israel's definitive list of reservations and notifications and considering the other jurisdictions that have already deposited their ratification instruments, the other tax treaties for which the MLI will enter into force on 1 January 2019 include Israel's 2016 tax treaty with Austria, the 1991 tax treaty with Poland, the 2007 tax treaty with Slovenia, and the 1960 tax treaty with Sweden. Certain tax treaties have been removed in Israel's definitive list as compared to the initial list, including the tax treaties with Germany, Switzerland, and the UK.

Based on the Lithuania's definitive list of reservations and notifications, the other tax treaties for which the MLI will enter into force on 1 January 2019 include Lithuania's 2005 tax treaty with Austria, the 1994 tax treaty with Poland, the 2009 tax treaty with Serbia, the 2002 tax treaty with Slovenia, the 1993 tax treaty with Sweden, and the 2002 tax treaty with the UK. Lithuania's definitive list is unchanged from the initial list.

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