Saudi Arabia reportedly published the decree for the ratification of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) on 15 November 2019. Saudi Arabia must now deposit its ratification instrument to bring the MLI into force for its covered agreements (tax treaties).
The MLI will enter into force for a particular covered agreement on the first day of the month following a three-month period after both parties to the covere…