The OECD (Organization for Economic Co-operation and Development) recently declared that the OECD Council has approved 2014 update to the OECD Model Tax Convention, scheduled to be published in the next few months.
The 2014 Update brings following new changes which redirects work conducted between 2010 and 2013:
– Article 26 :relating sets out the international standard on exchange of information;
– Article 17 – provides cross-border income consequent from the activities of entertainers and sportsmen;
– Tax treaty issues related to emissions permits and credits; and
– Dealing of expiry payments.
