The Italian Senate approved a draft law for the ratification of the pending protocol to its tax treaty with Mexico. The original treaty was signed in 1991.
The protocol was signed in June 2011 and amends the exchange of information article of the treaty to bring it in line with OECD standards. It also amends the name of the Italian competent authority, changing it to the "Ministry of Economy and Finance".
The protocol will enter into force 30 days after the exchange of ratification instruments.
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