Executive summary
On 28 September 2021, Spain deposited its instrument of ratification of the Multilateral Convention to Implement Tax Treaty Measures to Prevent Base Erosion and Profit Shifting (the MLI) with the Organisation for Economic Co-operation and Development (OECD), which entered into force for Spain as from 1 January 2022.
The provisions included in the MLI will have a significant impact on the vast majority of the treaties in the Spanish tax treaty network, as detailed in EY Global Tax…