On 16 July 2020, the Egyptian Cabinet approved for ratification the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). After the ratification procedure is complete, Egypt must deposit its ratification instrument to bring the MLI into force for its covered agreements (treaties).
The MLI will generally enter into force for a particular covered agreement on the first day of the month following a three-month period after both parti…