BEPS MLI Enters into Force on 1 July 2018

The OECD announced on 22 March 2018 that the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) will enter into force on 1 July 2018. The entry into force is brought about by the deposit of the ratification instrument for the MLI by a fifth signatory, Slovenia, on 22 March. The other four signatories that have deposited their ratification instrument include Austria on 22 September 2017, the Isle of Man on 19 October 2017, Jersey…