The income tax treaty between Italy and Panama reportedly entered into force on 1 June 2017. The treaty, signed 30 December 2010, is the first of its kind between the two countries.
Taxes Covered
The treaty covers Italian personal income tax, corporate income tax, and the regional tax on productive activities (IRAP). It covers Panamanian income tax.
Residence
If a company is considered resident in both Contracting States, the competent authorities will determine the company's residence …