On 26 May 2020, the Spanish Council of Ministers reapproved the law for the ratification of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). The MLI was previously approved in 2018, but a second approval became necessary following the dissolution of the parliament in 2019. Once the internal ratification process is complete, Spain will need to deposit its ratification instrument to bring the MLI into force for its covered a…