13/05/2020 - Today, the Czech Republic and Korea deposited their instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (Multilateral Convention or MLI) with the OECD’s Secretary-General, Angel Gurría, thus underlining their strong commitment to prevent the abuse of tax treaties and base erosion and profit shifting (BEPS) by multinational enterprises. For the Czech Republic and Korea, the MLI will enter into force on 1 September 2020.

 

With 94 jurisdictions currently covered by the MLI, today's ratification by the Czech Republic and Korea now brings to 47 the number of jurisdictions which have ratified, accepted or approved it.

 

The text of the Multilateral Convention, the explanatory statement, background information, database, and positions of each signatory are available at http://oe.cd/mli.