On 21 September 2020, Bosnia and Herzegovina 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. Based on the dates of deposit, the MLI will enter into force on 1 January 2021, although its entry into force for its covered agreements will depend on the ratification of the MLI by the Bosnia and Herzegovina to a particular covered agreement.