On 12 February 2019, Guernsey deposited its ratification instrument for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). Based on the date of deposit, the MLI will enter into force for Guernsey on 1 June 2019, although its entry into force for Guernsey's covered agreements (tax treaties) will depend on the ratification of th…