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    EY: International Tax Legislation Update

On September 25, 2023, Armenia submitted a document on the ratification of the Multilateral Convention to the Secretary-General of the OECD after completing all domestic procedures. Thus, the Multilateral Convention for Armenia will enter into force three calendar months after the submission of the ratification document starting from January 1, 2024.

According to the provisions of the Multilateral Convention, benefits provided by the tax convention between Kazakhstan and Armenia will not be granted if it can be concluded that obtaining such benefits was one of the main purposes of the transaction, except in cases where providing such benefit is in accordance with the purposes of the tax convention (the so-called Principal Purpose Test).

Read more in the attachment.



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