The tax information exchange agreement that was signed between Italy and the Holy See on April 1, 2015, entered into force on October 15 and contains a framework for Italian residents to regularize their undeclared assets in the Vatican in Rome.Read Full Story
On April 1, Italy's Minister of the Economy and Finance, Pier Carlo Padoan, signed two decrees that modify Italy's "black lists," and announced on the same day that Italy and the Vatican had signed their previously agreed tax information exchange agreement.Read Full Story
After recently completing tax information exchange agreements with Switzerland, Liechtenstein, and Monaco, the Italian Government is now looking to agree a similar treaty with the Holy See in Rome's Vatican City so as to find additional tax revenue.Read Full Story
On July 26, the Vatican's Financial Information Authority signed a memorandum of understanding with the Bank of Italy's Financial Information Department formalizing their anti-money laundering cooperation and for the exchange of financial information.Read Full Story
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