Italy passes bill on dou­ble tax­a­tion avoid­ance in ROC

The China Post - - LOCAL -

Italy’s Cham­ber of Deputies passed leg­is­la­tion Wed­nes­day aimed at avoid­ing dou­ble tax­a­tion with Tai­wan.

It is the first time Italy’s par­lia­ment has passed leg­is­la­tion re­lated to re­la­tions with Tai­wan.

The bill gained the sup­port of the cen­ter-left Demo­cratic Party, the largest party in the Cham­ber of Deputies, as well as other cen­ter-right op­po­si­tion par­ties.

Stan­ley Kao, Tai­wan’s rep­re­sen­ta­tive to Italy, said that due to the in­crease in bi­lat­eral trade be­tween Tai­wan and Italy in re­cent years, small and medi­um­sized busi­nesses on both sides are ea­ger to see the pas­sage of leg­is­la­tion on the avoid­ance of dou­ble tax­a­tion.

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