Italy will become the 12th Party to the joint OECD/Council of Europe Convention on Mutual Assistance in Tax Matters

Having deposited its instrument of ratification of the Convention on 31 January, Italy will become on 1st May 2006, the 12th Party to the joint OECD Council of Europe/OECD Convention on Mutual Assistance in Tax Matters.  As a Party to the Convention, Italy enhances its ability to combat tax evasion and avoidance through exchange of information on a wide range of taxes, including VAT.  A key feature of the Convention is the ability to take part in simultaneous multilateral examinations.  The other Parties to the Convention are Azerbaijan, Belgium, Denmark, Finland, France, Iceland, the Netherlands, Norway, Poland, Sweden  and the United States.