Details have become available of the amending protocol, signed on 4 June 2009, to the Italy-Cyprus income tax treaty of 24 April 1974 as amended by the 1980 protocol and exchange of notes.
Art. 1 of the protocol replaces Art. 2 Para. 3 (Taxes covered) of the treaty. Under the new Para. 2, taxes covered, includes for Italy, the regional tax on productive activities (IRAP).
For Cyprus, the general reference to income tax has been replaced with a list of …