Italy has published Law No. 182 of November 18, 2024, in the Official Gazette on 3 December, 2024, ratifying the new tax treaty with China. The agreement aims for the elimination of double taxation with respect to taxes on income and the prevention of tax evasion and avoidance between the two countries.
This follows after the Italian Senate reapproved the law to ratify the pending tax treaty with China on 11 September 2024. Once in force, the new treaty will replace the 1986 income tax treaty between Italy and China.
Signed on 23 March 2019, the tax treaty will take effect 30 days after the exchange of ratification instruments and will apply from 1 January of the year following its entry into force.
