HM Government of Gibraltar has signed a Tax Information Exchange Agreement with the Government of the Italian Republic.

The minister with responsibility for financial services, Gilbert Licudi QC, signed the agreement at the London Embassy of the Italian Republic. Ambassador Alain Giorgio Maria Economides signed on behalf of the Italian Government.

Minister Licudi said he was “particularly pleased to have signed this Tax Information Exchange Agreement with Italy. This Agreement brings the total of such agreements signed to 21, with 18 of those having already entered into force. It also underscores the Government’s commitment to international standards of cooperation.

“I trust that the Agreement will encourage the development of a closer business and cultural relationship with Italy.”

Licudi was accompanied to the signing by James Tipping, finance centre director for HM Government of Gibraltar.