aaa min

New Italy-China agreement against double taxation signed

On 23 March 2019 a new Italy-China agreement to eliminate double taxation was signed in Rome, updating the agreement in force since 1990.

In summary, the agreement provides for
– for dividends, a reduction in the conventional withholding tax rate from 10% to 5%, in the case of direct holdings of at least 25% of the capital of the company paying the dividends, held for a period of at least 365 days. For other dividends, the rate of 10% applies;
– in the case of interest, the rate of withholding tax applicable in the source State may not exceed 10% of the gross amount of interest; a reduced rate of 8% is provided for on interest paid to financial institutions in the case of loans of at least three years’ duration to finance investment projects.

Share on facebook
Share on twitter
Share on linkedin
Share on google
Share on whatsapp
Share on email
Share on print

NEWSLETTER

Follow us and subscribe our newsletter