{"id":241133,"date":"2025-06-24T08:47:28","date_gmt":"2025-06-24T12:47:28","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=241133"},"modified":"2025-06-24T18:07:20","modified_gmt":"2025-06-24T22:07:20","slug":"antigua-and-barbuda-signs-oecd-beps-convention-to-curb-multinational-tax-avoidance","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/antigua-and-barbuda-signs-oecd-beps-convention-to-curb-multinational-tax-avoidance\/","title":{"rendered":"Antigua and Barbuda Signs OECD BEPS Convention to Curb Multinational Tax Avoidance"},"content":{"rendered":"
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Antigua and Barbuda signs the Multilateral BEPS <\/a><\/strong>Convention, reducing opportunities for tax avoidance by multinational enterprises<\/p>\n\n\n\n

SOURCE: OECD- <\/strong>Antigua and Barbuda signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the\u00a0BEPS Convention<\/a>) at a signing ceremony held in Paris today, becoming the 105th<\/sup>\u00a0jurisdiction to join the landmark agreement to strengthen tax treaties, which now covers around 2000 bilateral tax treaties. <\/p>

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This represents an important milestone in the implementation of treaty-related BEPS measures and the strengthening of the global tax treaty network.<\/p>

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As of today, 89 jurisdictions have either ratified, accepted, or approved the BEPS Convention, resulting in the modification of over 1600 treaties. <\/p>\n\n\n\n

Around 400 additional treaties will be modified once the BEPS Convention will have been ratified by all Signatories.<\/p>

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The BEPS <\/a><\/strong>Convention, negotiated by more than 100 countries and jurisdictions under a\u00a0mandate<\/a>\u00a0from the G20 Finance Ministers and Central Bank Governors, is one of the most prominent results of the\u00a0OECD\/G20 BEPS Project.<\/a><\/p>\n\n\n\n

\u00a0It is the world\u2019s leading instrument for updating bilateral tax treaties and reducing opportunities for tax avoidance by multinational enterprises. <\/p>

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Measures included in the BEPS Convention address treaty abuse, strategies to avoid the creation of a \u201cpermanent establishment\u201d, and hybrid mismatch arrangements. <\/p>

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The BEPS Convention also enhances the dispute resolution mechanism, especially through the addition of an optional provision on mandatory binding arbitration, which has been taken up by 34 jurisdictions.<\/p>\n\n\n\n

The text of the BEPS Convention, the explanatory statement, background information, database, and positions of each signatory and parties are available at\u00a0https:\/\/oe.cd\/mli<\/a>.<\/p>\n\n\n\n

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CLICK HERE TO JOIN OUR WHAT\u2019S APP GROUP Antigua and Barbuda signs the Multilateral BEPS Convention, reducing opportunities for tax avoidance by multinational enterprises SOURCE: OECD- Antigua and Barbuda signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the\u00a0BEPS Convention) at a signing ceremony held in Paris […]<\/p>\n","protected":false},"author":12,"featured_media":241134,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-241133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nBEPS: Antigua and Barbuda Joins Global Effort - Antigua News Room<\/title>\n<meta name=\"description\" content=\"Antigua and Barbuda signs the BEPS Convention to combat tax avoidance by multinational enterprises and strengthen tax treaties.\" 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