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Mexico Ratifies BEPS MLI

29 November 2022

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Treaty Development

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Mexico-OECD

On 22 November 2022, Mexican President Andrés Manuel López Obrador signed the Decree for the ratification of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI). Mexico must now 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 in force, the provisions of the MLI will generally apply for a covered agreement from...