According to an Austrian Parliament update, the Federal Council (Bundesrat) approved the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI) on 5 July 2017. The MLI was signed by Austria on 7 June 2017, and was approved by the National Council (Nationalrat) on 29 June. Austria must now complete the ratification process and deposit its instrument of ratification in order for the MLI to enter into force. the BEPS MLI will become effective for a particular Aus…