The OECD Committee on Fiscal Affairs today released the draft contents of the 2017 update to the OECD Model Tax Convention.
The draft contents of the 2017 update [PDF 2.7 MB] to the OECD Model Tax Convention were prepared by the Committee's Working Party 1. The update has not yet been approved by the Committee on Fiscal Affairs or by the OECD Council, although parts of the 2017 update were previously approved as part of the OECD’s base erosion and profit shifting (BEPS) project. The 2017 update will be submitted for the approval of the Committee on Fiscal Affairs and of the OECD Council later in 2017. Accordingly, the draft may not reflect the final views of the OECD and its member countries.
Comments are requested with respect to certain parts of the 2017 update that have not previously been released for comments, with respect to:
Comments are due by 10 August 2017.
Today’s release from the OECD states that comments are not requested with respect to changes to the OECD Model Tax Convention that have been approved as part of the BEPS package, were foreseen as part of the follow-up work on the treaty-related BEPS measures and/or were previously released for comments. These changes include the following:
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