The Italian Senate reapproved the law to ratify the pending tax treaty with China on 11 September 2024. First approved in 2020, this law required reapproval after a new government came into power in 2022.
The income tax treaty between Italy and China aims to avoid double taxation and prevent fiscal evasion regarding income taxes.
Once enacted, the new treaty will replace the 1986 income tax treaty between Italy and China.
The tax treaty, signed on 23 March 2019, will take effect 30 days after the exchange of ratification instruments and will apply from January 1 of the year following its entry into force.
