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Italy's Council of Ministers Approves Pending Tax Treaty with Gabon

12 March 2019

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Treaty Development

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Italy-Gabon

On 7 March 2019, Italy's Council of Ministers approved the law for the ratification of the pending income tax treaty with Gabon. The treaty, signed 28 June 1999, is the first of its kind between the two countries. Taxes Covered The treaty covers Gabon corporation tax, flat rate minimum tax, individual income tax, and tax on income from immovable property and covers Italian individual income tax and corporate income tax. Withholding Tax Rates Dividends - 15% Interest - 10% Royalties - 10% Capital Gains The following capital gains derived by a resident of one Contracting State may be taxed by...