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of <h1>India Implements Multilateral Tax Convention to Combat Base Erosion and Profit Shifting Effective October 1, 2019</h1> The Central Government of India has notified the Multilateral Convention to Implement Tax Treaty related Measures to Prevent Base Erosion and Profit Shifting (BEPS), signed in Paris on June 7, 2017. The Convention entered into force on July 1, 2018, and for India, it will be effective from October 1, 2019. This Convention aims to amend existing tax treaties to prevent tax avoidance strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax locations. The notification includes India's list of Covered Tax Agreements and reservations, ensuring the Convention's provisions are applied in accordance with India's position.
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