The Azerbaijan parliament ratified the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI).
On 17 March 2023, the Ministry of Taxes of Azerbaijan released a statement regarding the implementation of obligations under BEPS activities. The MLI was signed on 20 November, 2023, under the BEPS (MLI) provisional list of reservations and notifications. The country now plans to apply the MLI to 54 of its tax treaties.
For the MLI to take effect for any specific treaty, both parties must designate the treaty as a covered agreement and complete the necessary ratification procedures.