Cyprus Welcomes OECD Tax Deal On Global Minimum Tax Rate

11 October 2021

Cyprus Welcomes OECD Tax Deal On Global Minimum Tax Rate

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.

 

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