Croatia, Malaysia ratifies BEPS MLI

On February 18, 2021, Croatia and Malaysia deposited their instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI).
 
For Croatia and Malaysia, the MLI will enter into force on June 1, 2021.
 
With 95 jurisdictions currently covered by the MLI, the ratifications today by Croatia and Malaysia now bring to 63 the number of jurisdictions which have ratified, accepted or approved it. The MLI became effective on January 1, 2021, for approximately 650 treaties concluded among the 63 jurisdictions, with an additional 1,200 treaties to become effectively modified once the MLI will have been ratified by all Signatories.