Azerbaijan inks tax convention with OECD

Today, as part of a meeting with representatives of the Organization for Economic Cooperation and Development (OECD), a multilateral convention on tax treaties has been signed at Azerbaijan’s Economy Ministry, which is aimed at countering base erosion and profit shifting, Economy Minister Mikayil Jabbarov wrote on X, Report informs.

“Within our meeting with representatives from the Organization for Economic Cooperation and Development (OECD), we formalized our commitment to international tax cooperation by signing the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting. This convention, supported by over 100 countries, underscores our dedication to global efforts in preventing tax evasion. We also engaged in discussions to explore the future prospects of bilateral cooperation and potential directions for partnership,” he added.