Germany and Pakistan have deposited their instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI).
For Germany and Pakistan, the BEPS MLI will enter into force on April 1, 2021.
With 95 jurisdictions currently covered by the BEPS MLI, ratification by Germany and Pakistan now brings to 59 the number of jurisdictions which have ratified, accepted, or approved it.
The BEPS MLI now covers almost 1,700 bilateral tax treaties and will become effective on January 1, 2021 for over 600 treaties concluded among the 59 jurisdictions, with an additional 1,200 treaties to become effectively modified once the BEPS MLI will have been ratified by all Signatories.
The text of the positions of each signatory are available on the OECD website.