After its deposit with the OECD on September, Spain completes internal procedures for ratifying the instrument that modifies double tax treaties
> The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting ("Multilateral Instrument" or "MU") is an international convention aimed at amending double tax treaties to introduce the main measures of the OECD’s BEPS Plan
> Although Spain signed the convention over three years ago, it did not give its official approval until today with publication in the Official Gazette of the Spanish State (“BOE”)
> The MLI will be in force for Spain on January 1, 2022. However, it will be necessary to analyze each double tax treaty individually and exhaustively to assess the impact of these amendments, as the MLI could affect each one differently