The United Arab Emirates deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) with the OECD on May 29, the OECD has announced.
The multilateral treaty is designed to allow countries to easily add to their bilateral tax treaties provisions agreed to as a result of the OECD/G20 base erosion and profit shifting (BEPS) plan.
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