WORKING ARRANGEMENT BETWEEN THE MINISTRY OF FINANCE OF THE REPUBLIC OF ITALY AND THE FEDERAL MINISTRY OF FINANCE OF THE REPUBLIC OF AUSTRIA UNDER THE TERMS OF THE EXCHANGE OF INFORMATION PROVISIONS OF THE CONVENTION FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME AND ON CAPITAL WITH ADDITIONAL PROTOCOL, SIGNED IN WIEN ON 29 JUNE 1981.

	The Italian - Austrian Convention of 29 June 1981, for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital, provides in its Article 26 that “the competent Authorities of the Contracting States shall exchange such information as is necessary for the carrying out of this Convention or of the domestic laws of the Contracting States concerning taxes covered by this Convention insofar as the taxation thereunder is not contrary to this Convention, as well as to prevent fiscal evasion”.
	In order to achieve more efficiency in the exchange of information and to reach the objective of the prevention of the evasion in the field of taxes covered by the Convention, the competent Authorities of the two Contracting States have decided to proceed to an exchange of information, without a specific request, according to the following provisions:

a)		the Competent Authority of each Country shall submit, without any specific request, to the Competent Authority of the other Country for verification any information -being available during examination or controls of its taxpayers and concerning residents of that other Country- which would be of interest for the correct assessment of taxes on income of said residents;

b)		such information shall include especially payments made, directly or indirectly, in the form of rents for lease, interest, royalties, directors’ fees, remuneration of artists and athletes, commissions and similar payments, as well as other remuneration for independent personal services ;

c)		this arrangement shall be operative starting from July 1st, 1985 ;

d)		this arrangement may be modified at any time by agreement between the Competent Authorities. 

	Done in Rome, in duplicate, on April 5th, 1985, in the English language.

For the Ministry of Finance                                             For the Federal Ministry of
of the Republic of Italy                                                    Finance of the Republic of
                                                                                         Austria

   ( M.Del Giudice )                                                              ( Alfred Philipp )