Spain, in an updated OECD notification published on 31 May, 2024, announced that it confirmed completing procedures for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) with Armenia.
The OECD document contains all of the notifications made by Spain confirming the completion of its internal procedures for the Covered Tax Agreements under Article 35(7)(b) of the Convention.
The MLI will apply to the 2010 Spain-Armenia tax treaty for taxes withheld at source on payments made to non-residents, starting from events occurring on or after 1 January, 2025, and for other taxes, starting from taxable periods commencing on or after 30 December, 2024.
An OECD notification is required as Spain has agreed to deposit such a notification after completing the internal procedures.
