According to an update from the OECD, Spain deposited on 30 November 2022 an updated 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 its covered agreements (tax treaties) with Hong Kong, Senegal, and Thailand. The notification confirming the completion of internal procedures is required because Spain has taken the reservation that for the MLI to become effective, Spain must first deposit such a notification. With the deposit of the notification, the provisions of the MLI will...