Andorra, Italy EOI Agreement enters into force
On 27 March 2017, the Exchange of Information (EOI) Agreement between Andorra and Italy was entered into force. The agreement generally applies from 27 March 2017 for criminal tax issues and from 1 January 2018 for all other tax
See MoreItaly-Ministerial Decree implementing Country-by-Country Reporting issued
The Italian Ministry of Finance issued a Decree on 8 March 2017 providing detailed information regarding the application of CbC reporting rules. The Decree is in accordance with an EU Directive of 25 May 2016 requiring all EU Member States to
See MoreHong Kong signs agreements on automatic exchange of financial account information in tax matters with 6 jurisdictions
Hong Kong has signed agreements with six jurisdictions for conducting automatic exchange of financial account information on tax matters. They are Belgium, Canada, Guernsey, Italy, Mexico and the Netherlands. A Government spokesman said on 17 March
See MoreItaly: Detail corporate tax measures mentioned in Budget Law for 2017
The Italian Budget Law for 2017 entered into force on 1 January 2017. From 2017 financial year, the Italian corporate income tax ("CIT") standard rate is reduced from 27.5% to 24 %. However, Banks, parent companies of banking groups, individual
See MoreItaly-the protocol to treaty with Philippines approved
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
See MoreDTA between Italy and Chile entered into force
The Income and Capital Tax Treaty between Italy and Chile of 2015 entered into force on 20 December 2016. The provisions of the treaty are applicable from 1 January
See MoreItaly-Individual Income Tax return form published
The Italian tax authority published the individual income tax return for the 2016 financial year on 16 January 2017. The form can be found along with the instructions on the ITA
See MoreItaly-annual VAT return form published
The Italian tax authority published the new annual VAT return for the 2016 financial year on 16 January 2017. The form can be found along with the instructions on the ITA
See MoreItaly-Senate approves Income Tax Treaty with Barbados
The Income Tax Treaty between Italy and Barbados was approved by the Italian Senate on 12 January 2017. The treaty was signed on 24 August
See MoreTIEA between Costa Rica and Italy ratified
The Tax Exchange Information Agreement (TIEA) between Costa Rica and Italy has been ratified on 14th January 2017 by the Italian Council of Ministers through a draft law. It was signed on 27th May
See MoreItaly-published FTT return model
The Tax Authority of Italy, as the approval to the new financial transaction tax (FTT) return model published Protocol No.2169 on 4th of January 2017. The FTT return will be applicable from 1st February 2017 and will have to be filed electronically
See MoreItaly-Ministerial Decree published on statutory interest rate
The Ministry of Economy and Finance of Italy issued Ministerial Decree on 7 December 2016 which was published in the Official Gazette No. 291 of 14 December 2016. According to article 1 of the Ministerial Decree the statutory interest rate will be
See MoreDTA between Chile and Italy approved
The Income Tax Treaty (2015) between Chile and Italy has been approved by the Chilean Senate on 14th December 2016 for the avoidance of double
See MoreItaly- Senate approved the draft Budget Law for 2017
The draft Budget Law for 2017 was approved by the senate on 7 December 2016. As per the approved draft Budget Law for 2017, the corporate income tax rate will be decreased to 24% from 2017. More details will be provided upon publication of the
See MoreEcuador and Italy signed an amending protocol of DTA
On 13 December 2016, Ecuador and Italy signed an amending protocol to update the existing DTA of 1984 for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on
See MoreAndorra approves TIEA with Italy
On 1 December 2016, the general council of Andorra approved the exchange of information agreement with
See MoreItaly- approved draft Budget Law for 2017
The Council of Ministers of Italy approved the draft Budget Law for 2017 on 15 October 2016. According to the approved draft budget Law, the corporate income tax rate will be decreased to 24%. Incentives for start-up companies, tax credits for
See MoreItaly-Measures to reduce administrative penalties
The Italian Tax Authorities (ITA) issued Circular No. 42/E on 12 October 2016, providing clarifications on available measures to reduce administrative penalties, as amended by Law No. 190 of 23 December 2014 and Legislative Decree No. 158 of 24
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