– Decree of the Ministry of Economy and Finance of the November 18, 2015 “Review of January 23, 2002 Decree concerning the identification of States or territories with preferential tax regime“;
– Decree of the Ministry of economy and Finance of the November 18, 2015 “Review of November 21, 2001 decree concerning the identification of States or territories to preferential tax regime“.
With the above mentioned decrees, annexed to this communication, the Italian Ministry of Economy and Finance has ordered the removal of Hong Kong from the Black-list. It recalls in this respect that these decrees are followed by the publication of law no. 961 June 18, 2015, by means of which Italy has ratified the Convention against double taxation with Hong Kong, which was signed on January 14, 2013.
With the first decree Hong Kong has been deleted from the Black-list contained in the Ministerial Decree of January 23, 2002 that identifies States or territories with reference to which is applied the scheme of deductibility of costs from operations with operators residing there. With the second decree Hong Kong was expunged from the list contained in the Ministerial Decree of November 21, 2001, which identifies the States or territories tax regime for the purpose of discipline Controlled Foreign Companies (CFC).
