OECD: Cameroon signs multilateral convention | KPMG | GLOBAL

OECD: Cameroon signs multilateral convention to implement BEPS

OECD: Cameroon signs multilateral convention

The Organisation for Economic Cooperation and Development today announced that a representative of the government of Cameroon signed the multilateral instrument (MLI) that will allow Cameroon to address tax avoidance by multinational enterprises pursuant to the base erosion and profit shifting (BEPS) project.

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Today’s OECD release reports that Cameroon is the 70th jurisdiction to agree to the MLI, and that with this action, Cameroon joins other countries towards rapid implementation of the BEPS project measures in its network of income tax treaties.

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