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Argentina Foreign Affairs Committee Approves BEPS MLI

07 August 2024

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Treaty Development

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Argentina-OECD

On 31 July 2024, the Budget and Finance Committee of Argentina's Chamber of Deputies approved the draft bill for the ratification of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). After the internal ratification process is completed, Argentina must deposit its ratification instrument to bring the MLI into force for its covered agreements (tax treaties). The MLI will generally enter into force for a particular covered agreement on the first day of the month following a three-month period after both parties to the covered agreement have deposited their ratification instrument. Once...