Georgia Government Approves BEPS MLI

On 5 July 2018, the Government of Georgia approved the bill for the ratification of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), which Georgia signed on 7 June 2017. Once approved by parliament, Georgia must deposit its ratification instrument to bring the MLI into force for its covered agreements (tax treaties).

The MLI will generally enter into force for a particular covered agreement on the first day of the month f…