On 20 March 2019, Italy's Council of Ministers approved the law for the ratification of the pending income tax treaty with Jamaica. The treaty, signed 19 January 2018, is the first of its kind between the two countries. Taxes Covered The treaty covers Jamaican Tax and covers Italian individual income tax, corporate income tax, and the regional tax on productive activities. Residence If a company is considered resident in both Contracting States, the competent authorities will determine the company's residence for the purpose of the treaty through mutual agreement based on its place of effective management. If no agreement is...