Update to the Commentary on Article 26 of the OECD Model Tax Convention Concerning Exchange of Information

The OECD has published an Update to the Commentary on Article 26 of the OECD Model Tax Convention, which is dated 19 February 2024. The update concerns the exchange of information as follows:

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COMMENTARY ON ARTICLE 26 CONCERNING THE EXCHANGE OF INFORMATION

Replace paragraphs 11 and 12 of the Commentary on Article 26 by the following:

11. Reciprocal assistance between tax administrations is feasible only if each administration is assured that the other administration will treat with…