Source link : https://europ.info/2026/08/12/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
San Marino has emerged as a trailblazer in international tax reform by becoming the first jurisdiction to deposit its ratification instrument for the multilateral Convention implementing the Subject to Tax Rule under the OECD’s BEPS framework. This significant milestone marks San Marino’s commitment to strengthening global tax standards and combating harmful tax practices. By activating this mechanism, San Marino not only enhances its tax transparency but also helps to ensure that income generated within its borders is taxed in a manner consistent with international norms.
The implementation of the Subject to Tax Rule introduces targeted protection against treaty abuse by enabling jurisdictions to deny treaty…
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Author : Isabella Rossi
Publish date : 2026-08-12 12:19:00
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