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Armenia and Italy Exchange Deeds of Convention on Double Taxation

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  • Armenia and Italy Exchange Deeds of Convention on Double Taxation

    ARMENIA AND ITALY EXCHANGE DEEDS OF CONVENTION ON DOUBLE TAXATION
    EXCLUSION AND TAX EVASION PREVENTION

    YEREVAN, MAY 5, NOYAN TAPAN. The ceremony of the exchange of the deeds
    of the Convention between the Armenian and Italian Governments on
    Exclusion of Double Taxation with respect to Income and Property Taxes
    and Prevention of Tax Evasion, which was signed in Rome on June 14,
    2002, took place at the Ministry of Foreign Affairs of the Republic of
    Armenia on May 5.

    According to a press release of the RA MFA Press and Information
    Department, the RA deputy foreign minister Arman Kirakosian and the
    Italian ambassador to Armenia Massimo Lavezzo Cassinelli exchanged the
    deeds.

    Under the Convention, it takes effect from the day of the exchange of
    the deeds, and its provisions will be in force:

    a) with respect to taxes at source - regarding the sums received on
    January 1st or after January 1st of the calendar year following the
    year of the Convention's taking effect,

    b) with respect to other income or property taxes - regarding taxes to
    be paid in any tax period that starts on January 1st or after January
    1st of the calendar year following the year of the Convention's taking
    effect.
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