OECD approves the 2017 Update to the OECD Model Tax Convention

Nov 27, 2017

The OECD Council recently approved the contents of the 2017 Update to the OECD Model Tax Convention (the OECD Model). The 2017 Update will be incorporated in a revised version of the OECD Model that will be published in the next few months.

The 2017 Update comprises changes to the OECD Model developed through the OECD/G20 BEPS Project.  The changes include amendments to the definition of a permanent establishment, provisions to restrict tax treaty shopping, and measures to improve the mutual agreement procedure (MAP) for resolving tax treaty disputes.