MLI news

The MLI entered into force for Denmark and Iceland on 1 January 2020, and for Latvia and Mauritius it entered into force on 1 February 2020.

The MLI will enter into force in the course of 2020 for Liechtenstein and Qatar (1 April 2020) and Uruguay (1 June 2020).

On 23 January 2020, Saudi Arabia deposited its instruments of ratification for the MLI.

On 29 January 2020, North Macedonia signed a landmark agreement to strengthen its tax treaties.

The above-mentioned countries have concluded a tax treaty with Luxembourg that are designated as covered tax agreements (“CTA”) both by Luxembourg and the other Contracting Jurisdictions.

As of February 2020, 67 jurisdictions have signed the MLI and 37 of them have already ratified the provisions.

It is noteworthy that the Luxembourg tax authorities have published some synthetized versions of the tax treaties concluded by the Grand Duchy of Luxembourg as modified by the MLI which was signed by Luxembourg on 7 June 2017 and entered into force from 1 August 2019. So far, the tax treaties concerned are: Georgia,  Guernsey,  Iceland,  Isle of Man,  Israel,  Jersey,  Latvia and  Serbia