OECD approves the 2017 update to the OECD Model Tax Convention

On November 21, 2017, the OECD Council approved the contents of the 2017 Update to the OECD Model Tax Convention.

The 2017 Update primarily comprises changes to the OECD Model Tax Convention and related commentary that were developed through the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project including changes designed to prevent treaty-shopping, the artificial avoidance of permanent establishment status and the introduction of a new model limitation-on-benefits rule.

The full 2017 OECD Update is available at http://www.oecd.org/tax/treaties/oecd-approves-2017-update-model-tax-convention.htm.