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ARTICLE · 03 MAY 2021

Multilateral Instrument (MLI) Ratification - Decision No. 446 Of 2020

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There is no doubt that in 2021 the two major topics overwhelming the international tax community are the Base Erosion and Profit Shifting and the multilateral convention to implement tax treaty-related measures to prevent BEPS.

EgyptTax
Ahmed Oraikat
Ahmed Oraikat

There is no doubt that in 2021 the two major topics overwhelming the international tax community are the Base Erosion and Profit Shifting ("BEPS") and the multilateral convention to implement tax treaty-related measures to prevent BEPS ("MLI").

In Brief, the MLI allows its signatories to efficiently update their covered tax treaties to incorporate said measures without the need for renegotiating every single treaty.

Egypt was one of the first countries to sign the MLI on 7th June 2017 and has deposited the instrument of ratification on the 30th September 2020.

Egypt has determined 55 tax agreements be covered by the MLI provisions, the MLI position of the two countries (treaty parties) must match for MLI to modify their bilateral tax treaty.

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