9 May 2017
On 4 May 2017, the Italian Senate announced the definitive approval of the bill for the ratification and implementation of the pending income tax treaty with Romania (previous coverage). The treaty, signed 25 April 2015, will enter into force once the ratification instruments are exchanged and will apply from 1 January of the year following its entry into force. Once in force and effective, it will replace the 1977 tax treaty between the two countries.
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