According to an update from the OECD, Hong Kong (China) deposited on 21 February 2023 the notification confirming the completion of its internal procedures for the entry into effect of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) for 31 of Hong Kong's covered agreement (tax treaties). The notification confirming the completion of internal procedures is required because Hong Kong has taken the reservation that for the MLI to become effective, Hong Kong must first deposit such a notification. With the deposit of the notification, the provisions of the MLI will...