Italy inks tax agreement with Korea to boost trade

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Italy inks tax agreement with Korea to boost trade

Korea and Italy inked a revised pact on double taxation prevention yesterday to help expand investment and trade, officials said.

The pact, an amended protocol of a 1989 agreement, was signed in Seoul between First Vice Foreign Minister Ahn Ho-young and Italian Ambassador to Korea Sergio Mercuri. Under the revised pact, Korea and Italy “aim to work more closely together in exchanging tax information to prevent tax evasion in accordance with the OECD standards on tax transparency and exchange of information,” an official said.

Yonhap

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