Italy-the protocol to treaty with Philippines approved

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The protocol to the Income Tax Treaty between Italy and Philippines of 1980 was approved by the Italian government on 12 January 2017. The protocol was signed on 9 December 2013.

According to the protocol, article 2 of the treaty would be modified to include Regional tax on productive activities in the list of taxes covered in the case of Italy. The Competent Authority of Italy will now be the Ministry of Economy and Finance. The approved protocol completely replaces article 25 of the treaty, providing for the exchange of information provision to be in line with article 26 of the UN Model (2011).

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