Convenţia Multilaterală produce efecte în România - ce presupune acest lucru în practică
The Multilateral Convention produces effects in Romania – what are the practical implications

Summary/Abstract: The Multilateral Convention ("MLI") is an international instrument designed to counter harmful tax practices and illegal profit shifting on a global scale. Romania acceded to the MLI in 2017 and ratified it in 2022, with its effective implementation commencing on January 1, 2024. Implementation of the MLI does not entail direct modification of existing tax treaties, but operates in parallel with them, bringing changes under certain conditions. Each signatory country can choose the articles of the double taxation avoidance agreements affected by the MLI, thus determining its specific impact on each treaty. To be tier understand how the MLI affects tax treaties, taxpayers are encouraged to consult the information provided by OECD and to seek advice from tax specialists. Implementation of the MLI represents an important step in enhancing international transparency and cooperation in tax matters, aiming to combat tax evasion and promote fair and transparent competition in the global market.

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