According to an update from the OECD, Cyprus deposited on 23 January 2020 its ratification instrument for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). Based on the date of deposit, the MLI will enter into force for Cyprus on 1 May 2020, although its entry into force for Cyprus' covered agreements (tax treaties) will depe…