The BEPS MLI will enter into force for both countries on January 1, 2021.
On September 22, 2020, Albania and Costa Rica ratified the OECD Multilateral Instrument to implement tax treaty-related base erosion and profit shifting measures.
The BEPS MLI will enter into force for both countries on January 1, 2021.
At the time of ratification, Albania committed to cover 41 of its tax treaties under the BEPS MLI. For Costa Rica, a total of two tax treaties are covered.
The BEPS MLI will become effective on January 1, 2021, for over 500 treaties concluded among the 52 jurisdictions, with an additional 1,200 treaties to become effectively modified once the BEPS MLI will have been ratified by all signatories. More countries are expected to deposit their instruments of ratification before September 30 in order for the BEPS MLI to start to take effect as of January 1, 2021.
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