Greece and Hungary deposit MLI ratification instrument

On March 30, 2021 Greece and Hungary have deposited their instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (Multilateral Convention or MLI), which now covers over 1700 bilateral tax treaties, thus underlining their strong commitment to prevent the abuse of tax treaties and base erosion and profit shifting (BEPS) by multinational enterprises. For Greece and Hungary, the MLI will enter into force on 1 July 2021.