What are multilateral instruments?

Multilateral instruments are one of the elements in the Base Erosion and Profit Shifting (BEPS) project of the Organisation for Economic Cooperation and Development (OECD). It is a standard template which was designed to help in the implementation of measures to avoid abuse of tax treaties. You can read about the Base Erosion and Profit Shifting (BEPS) – Issues, Measures taken by India in the given link.

Further readings:

1. Taxation in India – Direct taxes, Indirect Taxes, Features of Taxation System
2. Organisation for Economic Co-operation and Development [OECD] – Objectives, Member Countries, Responsibilities