OECD Publishes 2014 Update to Model Tax Convention


The OECD Council approved  the 2014 Update to the OECD Model Tax Convention (the 2014 Update) on 15 July 2014. The 2014 Update was already approved by the Committee on Fiscal Affairs on 26 June 2014.

The 2014 Update can be found here.

The 2014 Update mainly reflects the work that was carried out by the OECD between 2010 and 2013. Next to the amendment of article 26 (Exchange of Information) and its Commentary (the article now explicitly allows for ‘group requests’, i.e. tax authorities are able to ask for information on a group of taxpayers, without naming them individually), it also integrates changes in relation to the following discussion drafts:

The 2014 Update to the OECD Model Tax Convention does not yet include the results from the ongoing work of the OECD with regard to the BEPS action plan. These results will be implemented in future updates of the Model Tax Convention.