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Belize and Cameroon Deposit Ratification Instruments for BEPS MLI

22 April 2022

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Treaty Development

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Belize-Cameroon-OECD

According to an update from the OECD, Belize and Cameroon deposited their instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) on 7 April and 21 April 2022, respectively. Based on the dates of deposit, the MLI will enter into force for Belize and Cameroon on 1 August 2022, although its entry into force for the countries' respective covered agreements (tax treaties) will depend on the ratification of the MLI by the counterparty to a particular covered agreement. The MLI will generally enter into force for a particular...