OrbitaxRomania Ratifies BEPS MLI
|Treaty Development|Romania-OECD
On 4 January 2022, Romanian President Klaus Iohannis promulgated Decree no. 14/2022 for the ratification of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), becoming Law no. 5/2022. Romania must now 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 following a th…