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Cyprus Welcomes OECD Tax Deal On Global Minimum Tax Rate
October 11, 2021
Cyprus welcomes the agreement reached by the G20 on October 8th 2021, marking the long-term efforts to create fair and healthy competition at global level and to safeguard the tax bases and public revenues of the economies.
In a press release the Finance Ministry says that Cyprus is not in a position to take part in the global consultations that take place at this level, since it is not a member of the OECD nor of the Inclusive Framework due to objections of a member country of the Organisation.