The OECD will host on 19 September a signing ceremony of the Multilateral Convention to Facilitate Implementation of the Subject to Tax Rule (STTR MLI).
The signing ceremony will mark a major milestone in the work of the OECD/G20 Inclusive Framework on BEPS, as it delivers upon its objective of reforming international tax rules to deliver a stronger, fairer, global tax system. The new STTR MLI will implement the Subject to Tax Rule in bilateral tax treaties, offering developing countries a new tool to protect their domestic tax base.
The signing ceremony is the latest significant progress towards implementation of an international tax agreement from October 2021. The Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, since endorsed by 139 countries and jurisdictions, established a 15% global minimum tax, ensuring that MNEs pay their fair share of tax in each of the jurisdictions where they operate. The Subject to Tax Rule is a key component of the agreement and particularly important for developing countries.
The signing ceremony will bring together ministers, senior government officials and delegates from the Inclusive Framework on BEPS. Speakers will include:
- OECD Secretary-General Mr. Mathias Cormann
- H.E. Mr. Ryan Straughn, Minister of Finance, Barbados
- H.E. Mrs. Lyudmila Petkova, Deputy Prime Minister and Minister of Finance, Bulgaria
- H.E. Mr. Doudou Fwamba Likunde Li-Botayi, Minister of Finance, Democratic Republic of the Congo
- H.E. Sri Mulyani Indrawati, Minister of Finance, Indonesia
- H.E. Mr. Marcel-Ioan Boloș, Minister of Finance, Romania
- Dr. Kulaya Tantitemit, Director General, Ministry of Finance, Thailand
Journalists are invited to an online advance briefing with Manal Corwin, Director of the OECD Centre for Tax Policy and Administration, on Wednesday 18 September at 18:00 CET. Requests to attend this briefing, under embargo until 16:00 CEST (14:00 GMT) on Thursday 19 September, should be sent to Lawrence Speer in the OECD Media Office (+33 1 45 24 97 00).
Working with over 100 countries, the OECD is a global policy forum that promotes policies to preserve individual liberty and improve the economic and social well-being of people around the world.