Italy – Ecuador Convention against double taxation: published in the Official Gazette

Italy – Ecuador Convention against double taxation: published in the Official Gazette
Italy – Ecuador Convention against double taxation: published in the Official Gazette

Law no. 86 of 2021 concerning the ratification and execution of the Convention between the Government of the Italian Republic and the Government of the Republic of Ecuador for the avoidance of double taxation on income and wealth taxes and to prevent tax evasion was published in the Official Gazette. n. 144 of 18 June 2021. As regards the taxes considered by the Agreement, the Italian side includes the tax on personal income, corporate income tax and the regional tax on productive activities (IRAP).

In the Official Gazette no. 144 of 18 June 2021, Law 20 May 2021 n. 86 concerning the ratification and execution of the Convention between the Government of the Italian Republic and the Government of the Republic of Ecuador for the avoidance of double taxation in respect of taxes on income and assets and to prevent tax evasion, with Protocol, signed in Quito on May 23, 1984, done in Quito on December 13, 2016.

As regards the taxes considered by the Agreement, the Italian side includes the income tax of natural persons corporate income tax and the regional tax on productive activities (IRAP).

For Ecuador, reference is made to personal income tax and corporate income tax.

As regards the exchange of information, the noma now states that the competent authorities of the Contracting States exchange information relevant to applying the provisions of the Convention.

The information received is kept secret, as is information obtained under the internal legislation of the State and is disclosed only to the persons or authorities in charge of the investigation or collection, including judicial authorities and administrative bodies.

The Contracting State cannot refuse to provide the information because it is held by a bank or other financial institution.

By the editorial staff

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Italy Ecuador Convention double taxation published Official Gazette

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