IBPS PO General Awareness: International Taxation questions with solutions

Q1. The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS) will be effective from which financial year?

1. 2022-23
2. 2021-22
3. 2019-20
4. 2020-21

Answer: 2020-21

The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS was made effective in India from financial year 2020-21. This aligns with the implementation timeline of treaty-related anti-avoidance measures. Hence, the correct answer is 2020-21.