PROTOCOL
to amend the Convention between the Government of the Russian Federation and the Government of the Italian Republic for the avoidance of double taxation with respect to taxes on income and on capital and the prevention of fiscal evasion of 9 april 1996

The Government of the Russian Federation and the Government of the Italian Republic, desiring to conclude a Protocol to amend the Convention between the Contracting States for the avoidance of double taxation with respect to taxes on income and on capital and the prevention of fiscal evasion, with Additional Protocol, signed at Rome on 9 April, 1996 (hereinafter referred to as "the Convention"),

have agreed as follows:

Article I

With reference to Article 2 of the Convention "Taxes Covered", in the list of the Italian taxes, the taxes listed at paragraph 3, subparagraph b), number 3 - the local income tax ("I'mposta locale sui redditi") and number 4 - the net worth tax on enterprises ("l'imposta sul patrimonio netto delle imprese") shall be deleted and replaced by the following:

"3 - the regional tax on productive activities ("l'imposta regionale sulle attivit produttive")."