• Service: Tax, International Tax
  • Type: Regulatory update
  • Date: 7/18/2014

OECD - 2014 update to model tax convention approved 

July 18:  The Organisation for Economic Co-operation and Development (OECD) this week announced that the OECD Council has approved a 2014 update to the OECD Model Tax Convention, scheduled to be published in the next few months. Comments have been requested.

The 2014 Update—which reflects work conducted between 2010 and 2013—includes changes to:

  • Article 26, which sets out the international standard on exchange of information
  • Article 17, which deals with cross-border income derived from the activities of entertainers and sportsmen
  • Tax treaty issues related to emissions permits and credits
  • Treatment of termination payments

The update, however, does not include any results from the BEPS Action Plan.

Read an OECD release.

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