On February 12, 2019 the OECD announced that on the same date Guernsey deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI).
Guernsey’s List of Reservations and Notifications upon the deposit of the Instrument of Ratification can be found here.
Click here to be forwarded to the list of signatories and parties to the MLI (Status as of February 12, 2019) as available on the website of the OECD.
Based on Article 34, Paragraph 2 of the MLI, with respect to Guernsey 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 Guernsey the MLI will enter into force on June 1, 2019.
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