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Czech Parliament Approves BEPS MLI

04 December 2019

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Treaty Development

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Czech Rep-OECD

On 28 November 2019, the Czech Chamber of Deputies (lower house of parliament) approved the ratification of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). The MLI was approved by the Senate (upper house) in December 2018. The Czech Republic must now deposit its ratification instrument to bring the MLI into force for its covered agreements (tax treaties). The MLI will 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...