The Multilateral Convention to Implement Tax Treaty-Related
Measures to Prevent Base Erosion and Profit Shifting of 24 November
2016 - also known as the Multilateral Instrument (MLI) - was
drafted by an ad hoc group of the Organisation for Economic
Cooperation and Development (OECD) within the framework of the Base
Erosion and Profit Shifting (BEPS) Action Plan.
Ratification by Russia
The MLI was opened for signature on 31 December 2016 and signed
by Russia at the 7 June 2017 OECD Ministerial Council meeting in
Paris. However, since the M LI contains a number of rules which did
not exist under Russian law, it was subject to ratification. In
this regard, Federal Law 79-FZ on the Ratification of the
Convention was adopted on 1 May 2019 and entered into force on 12
May 2019.
