On December 21, 2018 the OECD announced that Malta and Singapore have deposited their instruments of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). Malta deposited its instrument of ratification for the MLI on December 18, 2018 and Singapore deposited its instrument of ratification for the MLI on December 21, 2018.
· Malta’s Reservations and Notifications under the MLI can be found here; and
· Singapore’s Status of List of Reservations and Notifications upon Deposit of the Instrument of Ratification can be found here; and
Click here to be forwarded to the list of signatories and perties to the MLI (Status as of December 21, 2018) as available on the website of the OECD.
Based on Article 34, Paragraph 2 of the MLI, with respect to Malta and the Singapore the MLI shall enter into force on the first day of the month following the expiration of a period of three calendar months beginning on the date of the deposit of their respective instruments of ratification. Therefore with respect to Malta and the Singapore the MLI will enter into force on April 1, 2019.
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