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Belize and Cameroon ratify BEPS multilateral instrument

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Belize and Cameroon have deposited their instruments of ratification for the multilateral convention to implement tax treaty related measures to prevent base erosion and profit shifting (convention or MLI) with OECD. For Belize and Cameroon, the convention will enter into force on 1 August 2022.

On 1 May 2022, over 880 treaties concluded among the 73 jurisdictions which have ratified, accepted or approved the convention will already have been modified by the convention. An additional 940 treaties will be modified once the convention has been ratified by all signatories.

Issue: 1573
Categories: News