07/09/2005 - The OECD has published a new, updated version of its Model Tax Convention, used by OECD and other countries as a basis for the negotiation, application and interpretation of bilateral tax treaties, of which there are now more than 2500 in force around the world.
The OECD Model is periodically updated to take account of new developments and to reflect the experience gained by countries in the application of tax conventions. The 2005 edition incorporates the latest changes to the Model which were approved by the OECD Council on 15 July 2005 (these changes were released in draft form for comments on 15 March 2004; see http://www.oecd.org/dataoecd/54/24/34576874.pdf). These changes result from work done by the Committee on Fiscal Affairs on a number of issues, in particular:
The new edition also includes changes made by a number of OECD and non-OECD countries to their observations, reservations or positions on the OECD Model Tax Convention. In addition, Serbia and Montenegro’s positions on the Model Tax Convention have been added to the OECD Model Tax Convention.
Journalists may obtain a copy of the report from the OECD Media Relations Division ( tel. 33 1 45 24 97 00 ). The 2005 Update will be supplied automatically to subscribers of eMTC, a new electronic edition of the convention complete with histories, commentaries and background reports. It is also available as a new paperback (condensed) edition. The eMTC and the condensed edition are available through the OECD online bookshop, and also via OECD Publishing sales offices and agents. The loose-leaf edition will soon be updated to incorporate the latest changes.