Cyprus to sign OECD Multilateral Instrument setting minimum standards on Double Tax Treaties

Cyprus announced its intention to sign the ‘Multilateral Convention to Implement Tax Treaty related measures to Prevent Base Erosion and Profit Shifting’ (Multilateral Instrument) of the OECD. According to a press release issued by the Finance Ministry, the signing of the “Multilateral Instrument” has been approved by the Council of Ministers on April 5. The signing is scheduled to take place in Paris on June 7.

Source: Cyprus News Agency