Nine Jurisdictions Sign Multilateral Instrument to Implement Pillar 2 STTR with Ten Expressing Intent to Sign

The OECD has announced that nine jurisdictions signed the new Multilateral Convention to Facilitate the Implementation of the Pillar Two Subject to Tax Rule (STTR MLI) on 19 September 2024, with a further ten jurisdictions expressing their intent to sign. The nine signatories include Barbados, Belize, Benin, Cape Verde, the Democratic Republic of the Congo, Indonesia, Romania, San Marino, and Turkey. The ten jurisdictions that have expressed their intent to sign include Belgium, Bulgaria, Co…