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Tax Agreement with Italy comes into force

Tuesday, 23 June 2015

The Isle of Man’s Agreement for the Exchange of Information Relating to Tax Matters with the Government of the Italian Republic entered into force on 10 June 2015. 

The agreement was signed on 16 September 2013 in London between Eddie Teare, the Isle of Man’s Treasury Minister, and His Excellency Pasquale Q Terracciano, Ambassador of Italy in the United Kingdom. 

The Isle of Man ratified the agreement at the November 2013 sitting of Tynwald, and on 26 November 2013 the Hon Allan Bell MHK, Chief Minister of the Isle of Man, informed the Government of the Italian Republic that ratification had taken place. 

On 10 June 2015, the Chief Minister received notification from His Excellency Pasquale Q Terracciano that the Government of the Italian Republic has completed its own ratification procedures. 

The text of the agreement can be viewed on the International Agreements page of the Isle of Man Treasury Income Tax Division’s website at: 

http://www.gov.im/categories/tax-vat-and-your-money/income-tax-and-national-insurance/international-agreements/

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