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Italian double tax treaties

Italian Double Tax Treaties

Updated on Friday 19th April 2019

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Italy has signed numerous tax agreements with countries within and outside the European Union in order to provide an attractive business environment for foreign investors. Italy has entered nearly 100 double taxation agreements until now. The Italian conventions for the avoidance of double taxation are international agreements which establish the elimination of the same taxes imposed on the income and wealth of the residents of the contracting countries. 
 
Besides from ensuring the avoidance of double taxation, most Italian treaties are also useful instruments for the prevention of tax evasion. Most of Italy’s double taxation agreements follow the Organization of Economic Co-operation and Development model and our team of Italian lawyers can provide in-depth legal assistance on the tax benefits available under such treaties.  
 

Taxes covered by Italian double tax agreements

 
Italy’s double taxation treaties regulate the tax procedures of each category of income. All Italy’s double taxation agreements are customized in order to provide an advantageous tax environment for foreign investors in Italy and for Italian investors in other countries. Depending on the income to be taxed, an Italian double taxation agreement offers the possibility of taxation in both contracting states or exclusive taxation by one signatory state. 
 
The main categories of income falling under Italy’s double taxation agreements are: dividends, interests and royalties which are usually taxed in the recipient’s resident country. In case exceptions to this rule apply, the recipient is entitled to claim a refund from the source country.
 
All Italian double tax treaties cover the income generated by selling or renting real estate property which is usually taxed in the country where the property is located. Our Italian lawyers can provide you with specific information related to the country’s double taxation treaties and can offer advice on the manner in which foreign companies are taxed on the Italian territory
 

Italy’s double tax agreements

 
As mentioned earlier, Italy has concluded 100 double tax treaties with countries across the world. Furthermore, it is important to know that the Italian authorities are currently drafting other agreements with the representatives of other states.
 
However, it is important to know that up until this moment, Italy has concluded treaties for the avoidance of double taxation with the following states: Albania, Algeria, Argentina, Armenia, Australia, Austria, Azerbaijan, Bangladesh, Belgium, Bosnia Herzegovina, Brazil, Bulgaria, Canada, Chile, China, Congo, Croatia, Cyprus, Czech Republic, Denmark, Ecuador, Egypt, Estonia, Ethiopia, Finland, France, Georgia, Germany, Ghana, Greece, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Israel, Ivory Coast, Japan, Jordan, Kazakhstan, Kuwait, Kyrgyzstan, Latvia, Lebanon, Lithuania, Luxembourg, Macedonia, Malaysia, Malta, Mauritius, Mexico, Moldova, Mongolia, Montenegro, Morocco, Mozambique, Netherlands, New Zealand, Norway, Oman, Pakistan, Philippines, Poland, Portugal, Qatar, Romania, Russia, San Marino, Saudi Arabia, Senegal, Serbia, Singapore, Slovenia, Slovak Republic, South Africa, South Korea, Spain, Sri Lanka, Sweden, Switzerland, Syria, Taiwan, Tanzania, Tajikistan, Thailand, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States of America, Uzbekistan, Venezuela, Vietnam, Zambia. 
 
Foreign investors and foreign natural persons who obtain taxable income in this country are invited to contact our law firm in Italy for in-depth advice on the taxes prescribed under a specific treaty for the avoidance of double taxation. Our lawyers can offer advice on the applicable tax rates and may provide consultancy services on any other tax regulation available under the national legislation.