The Norwegian government approved the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI) on 16 November 2018 and submitted the MLI to the Parliament Finance Committee on 20 November. After the domestic ratification procedure is complete, Norway must deposit its ratification instrument to bring the MLI into force for its covered agreements (tax treaties), with the MLI entering into force for a particular covered agreement on the first day of the month following a three-month period after both parties to the covered agreement have deposited their ratification instrument. Once in force, the provisions of the MLI will generally apply for a covered agreement from 1 January of the year following its entry into force in respect of withholding taxes, and for all other taxes with respect to taxable periods beginning on or after the expiration of a 6-month period following the date of entry into force.
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