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Kenya and Oman Sign BEPS MLI

02 December 2019

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Treaty Development

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Kenya-Oman-OECD

The OECD has announced that on 26 November 2019, Kenya and Oman signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI). According to their provisional list of reservations and notifications, Kenya intends to have the MLI cover 14 of its tax treaties and Oman intends to have the MLI cover 34 of its tax treaties. For the MLI to become effective for a particular treaty, both parties to a treaty must have included the treaty as a covered agreement, and both must have completed the required procedures for the ratification of the MLI.