The governments of the Philippines and Italy have signed the amendments to the Double Taxation Agreement (DTA) for a more competitive and fair taxation between the two countries, the Department of Finance (DOF) announced on Monday.

Through the DOF and the Bureau of Internal Revenue, the Philippine government negotiated and concluded the Protocol Amending the Convention between the Philippines and the Italian Republic for the Avoidance of Double Taxation, with respect to Taxes in Income and Prevention of Fiscal Evasion originally signed on December 5, 1980.

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