Italy: Multilateral Convention on BEPS signed

Posted on Updated on

Italy has signed the multilateral instrument on 7 June 2017, aiming to facilitate the implementation of tax related measures to Prevent Base Erosion and Profit Shifting (MLI).

At the signing ceremony, Italy introduced its 84 tax treaties with other jurisdictions that would be modified by the MLI. In addition to the list of treaties, Italy has also submitted a provisional list of reservations and notifications (MLI items) relating to the various provisions of the MLI. Italy has made partial or complete reservations about a number of MLI articles. The most important change, which will affect all Italian tax treaties, relates to the introduction of a principal purpose test (PPT).

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s