On January 24, 2018 the OECD issued a press release announcing that that same date Ministers and high-level officials from Barbados, Côte d’Ivoire, Jamaica, Malaysia, Panama and Tunisia signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). Therewith the number of signatorees to the MLI comes to 78.
Click here to be forwarded to the list of signatories to the MLI (Status as of 24 January 2018) as available on the website of the OECD.
In the same press release the OECD also announced that Algeria, Kazakhstan, Oman and Swaziland have expressed their intent to sign the MLI, and a number of other jurisdictions are actively working towards signature by June 2018.
So far, four jurisdictions (Austria, the Isle of Man, Jersey and Poland( have ratified the MLI, which will enter into force three months after a fifth jurisdiction deposits its instrument of ratification.
Copyright – internationaltaxplaza.info