ARTICLE · 20 OCTOBER 2014

Update Of The OECD Model Tax Convention

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On July 15th 2014, the OECD published its 2014 update of the Model Tax Convention. This update is the outcome of the work accomplished between 2010 and the end of 2013.

LuxembourgTax

Bonn Steichen & Partners

On July 15th 2014, the OECD published its 2014 update of the Model Tax Convention ("2014 OECD Update"). This update is the outcome of the work accomplished between 2010 and the end of 2013. It does not however take into account the OECD conclusions of the "Action Plan on Base Erosion and Profit Shifting" (BEPS).

The 2014 OECD Update will be of interest to Luxembourg practitioners for various reasons. Aside from helpful clarifications in the field of taxation of Artists and Sportsmen (article 17) and some other questions of rather marginal interest regarding emissions permits/credits, the update is of major interest in relation to three recurrent problems in Luxembourg tax practice.

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