Italy (tax/treaty)

1. Each Contracting State shall notify the other Contracting State, through diplomatic channels, of the completion of the legal procedures required for the entry into force of this Convention. This Convention shall enter into force for the first time as of the first day of the second month following that month in which the last notice was given. 2. The provisions of this Convention shall apply for the first time: a. in respect of taxes withheld at source, to amounts paid on or after 1st January in any calendar year next following that in which the Convention enters into force; b. in respect of other taxes on income and on capital, to taxes chargeable for any taxable period beginning on or after 1st January in any calendar year next following that in which the Convention enters into force.