Switzerland Confirms Completion of Internal Procedures for the Entry into Effect of the BEPS MLI for Tax Treaty with Iceland

On 16 December 2022, Switzerland deposited its notification confirming the completion of its internal procedures for the entry into effect of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) for the 2014 tax treaty with Iceland. The notification confirming the completion of internal procedures is required because Switzerland has taken the reservation that for the MLI to become effective for a particular covered agreement, …