San Marino Takes Key Step in Tax Reform with First Ratification of Multilateral Convention, While Georgia Broadens BEPS Coverage ¤

San Marino has taken a significant step in international tax cooperation by depositing its first ratification instrument for the multilateral Convention implementing the Subject to Tax Rule (STTR), a key measure designed to curb base erosion and profit shifting (BEPS). Meanwhile, Georgia has expanded the scope of its commitments under the BEPS Multilateral Convention, broadening the reach of its tax treaty network to enhance transparency and prevent tax avoidance. These developments mark important milestones in the ongoing global effort coordinated by the OECD to strengthen tax governance and ensure fairer taxation in an increasingly interconnected economy.

San Marino Takes Pioneering Step by Depositing First Ratification Instrument for Subject to Tax Rule