The new income tax treaty between Italy and Romania was signed 25 April 2015. Once in force and effective, the treaty will replace the 1977 tax treaty between the two countries, which is currently in force. Taxes Covered The treaty covers Italian personal income tax, corporate income tax and regional tax on productive activities (IRAP). It covers Romanian tax on income and tax on profit. Residence If a company is considered resident in both Contracting States, the competent authorities will determine its residence for the purpose of the treaty through mutual agreement. If no agreement is reached, the company will...