On 13 July 2018, Spain's Council of Ministers approved the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), which Spain signed on 7 June 2017. Once the ratification procedure is complete, Spain must deposit its ratification instrument to bring the MLI into force for its covered agreements (tax treaties).
The MLI will generally enter into force for a particular covered agreement on the first day of the month following a three-…