The OECD announced that earlier this week, on 11 July 2017, the OECD Committee on Fiscal Affairs released the draft contents of the 2017 update to the OECD Model Tax Convention (‘MTC’) prepared by the Committee’s Working Party 1.
The draft contents of the 2017 update to the OECD MTC has not yet been approved by the Committee on Fiscal Affairs or by the OECD Council, although, as noted below, significant parts of the 2017 update were previously approved as part of the BEPS Package. It will be submitted for the approval of the Committee on Fiscal Affairs and of the OECD Council later in 2017. This draft therefore does not necessarily reflect the final views of the OECD and its member countries.
Comments are requested at this time only with respect to certain parts of the 2017 update that have not previously been released for comments. The precise topics treated and the OECD’s full press release in this respect can be found here. Comments should in any case be sent in electronically by 10 August 2017.
Comments are not requested with respect to changes to the OECD MTC 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.
The full text of the draft 2017 OECD MTC edition can be found here.
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