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.