The Multilateral Convention to Implement Tax Treaty Related
Measures to Prevent Base Erosion and Profit Shifting (the
"MLI") is one of the steps in the implementation of the
Action Plan on Base Erosion and Profit Shifting ( the "BEPS
Action Plan").
The purpose of the MLI is to prevent abuse of the provisions of
international double taxation conventions (Tax Conventions), which
resulted in tax avoidance and tax underpayment in Ukraine using
artificial foreign corporate structures and/or transactions.
Ukraine signed the MLI on 23 July 2018. The Verkhovna Rada of
Ukraine ratified the MLI on 28 February 2019. On 8 August 2019,
Ukraine sent the MLI ratification documents to the Depositary of
the Organization for Economic Cooperation and Development (OECD),
which means that the MLI will enter into force for Ukraine on 1
December 2019. Ukraine will become the 31st state for which the MLI
will come into force.
