Italian Senate Approves TIEAs with Bermuda, Liechtenstein, and Turkmenistan

On 18 October 2016, the Italian Senate approved the laws for the ratification of Italy's pending tax information exchange agreements with Bermuda, Liechtenstein, and Turkmenistan. The agreements are the first of their kind between Italy and the respective jurisdictions, and will enter into force once the ratification instruments are exchanged. The agreements with Bermuda and Turkmenistan will generally apply from the date of their entry into force, while the agreement with Liechtenstein will …