On 13 May 2020, South Korea deposited its ratification instrument for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). The MLI will enter into force for South Korea on 1 September 2020, but its entry into force for South Korea’s covered agreements (tax treaties) will depend on the ratification of the MLI by the counterparty to a particular covered agreement.
For the latest list of which countries have deposited their final MLI instrument please see the status.
