Albania signs BEPS MLI

Albania on May 28 signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting, becoming the 88^th jurisdiction to join, the OECD has announced.

Designed in an OECD-led effort, the multilateral treaty allows countries to easily add provisions developed as a result of the OECD/G20 base erosion profit shifting (BEPS) plan into their existing bilateral tax treaties.

The treaty was signed by Elton Haxhi, Deputy Minister of Finance and Economy of Albania, at the opening of the 7^th meeting of the OECD/G20 Inclusive Framework on BEPS, held in Paris.