On 23 January 2020, Saudi Arabia has deposited its ratification instrument for the Multilateral Convention to Implement Tax Treaty Related Measures (MLI) to Prevent Base Erosion and Profit Shifting, which was signed on 18 September 2018.
Saudi Arabia submitted its MLI positions and a list of 55 tax treaties under the BEPS MLI. The MLI will enter into force on 1 May 2020.
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