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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>India-Australia Tax Treaty Modified by MLI to Prevent Base Erosion; Effective Dates Vary for Different Tax Categories</h1> The synthesized text of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) and the Agreement between India and Australia for Avoidance of Double Taxation and Prevention of Fiscal Evasion. Initially signed in 1991, and amended in 2011, the Agreement is further modified by the MLI signed in 2017. The MLI provisions took effect in Australia on 1 January 2019 and in India on 1 October 2019, with specific dates for different tax categories. The Agreement applies to residents of the contracting states, and the MLI restricts a party's right to tax its own residents, except for certain benefits.