Executive summary
Saudi Arabia deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the Multilateral Instrument or MLI) with the Secretary-General of the Organisation for Economic Co-operation and Development (OECD) on 23 January 2020.
The MLI will enter into force for Saudi Arabia on 1 May 2020 and 14 Saudi Arabian double tax treaties will be modified as of that date. As more jurisd…