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Double Taxation Agreement Italy Spain

December 7, 2020 Uncategorised 0

In particular, we advise, through a detailed analysis of specific cases and international agreements between Italy and other countries, how they can fulfil their tax obligations in the country where they work or in their country of residence for tax purposes, in order to avoid sanctions. , with respect to the two-state taxing powers regime on the principle of reciprocity. Bulgaria Bulgarian and international tax treaties The existence of several agreements against double taxation is obviously not good (. B for example, a tax treaty between the United States and Italy or a double taxation agreement between Italy and the United Kingdom), because it increases the risk of using them to avoid taxation through an “international system of double taxation”, which has led to the phenomenon of treaty abuse. To avoid double taxation, Italy has signed agreements with different countries. In particular, these are international agreements where that States parties regulate their respective taxing powers, in order to prevent the same income from being taxed twice. The agreements also aim to prevent tax evasion or tax evasion. The risk of double taxation exists in the following cases: The law firm Arnone-Sicomo provides legal advice on international double taxation. Double taxation in Italy: what is it? How can I avoid paying twice as much tax? In order to avoid the risk of double taxation, it is recommended to ask the Italian tax authorities for a certificate of residence in tax which will be presented to the foreign country where the income was collected in a given year. If, in the same year, different incomes were obtained in a foreign country and are subject to the same agreement, a single tax certificate is issued.

Specific provisions apply to border workers in the following double taxation conventions: double taxation applies to cases where two different countries have the right to collect taxes on income collected on their territory by the same subject. On the one hand, there is the country where the income is produced and, on the other hand, the state of residence for tax purposes. In Italy, the risk of double taxation can be affected by different means: tax stay is fundamental in the issues of conventions against double taxation, as it determines the application of international conventions and the taxing power of the countries concerned. These agreements are based on income tax and, sometimes, on estate elements. In the case of double taxation of the same income (between Italy and a foreign country), the person can claim foreign tax breaks for taxes paid abroad.