On 7 July 2020, Oman deposited its instrument of ratification for the multilateral convention to implement tax treaty related measures to prevent base erosion and profit shifting (MLI) with the OECD’s Secretary-General, Angel GurrĂa, thus underlining its strong commitment to prevent the abuse of tax treaties and base erosion and profit shifting (BEPS) by multinational enterprises.
For Oman, the MLI will enter into force on 1 November 2020. With 94 jurisdictions currently covered by the MLI, this ratification by Oman now brings to 49 the number of jurisdictions which have ratified, accepted or approved it.
