Italy’s tax authority clarified a number of transfer pricing regulations at the nation’s annual tax conference, Telefisco. Salvatore Mattia and Federico Vincenti from Crowe Valente explore the key changes surrounding penalty protections and discrepancies in tax filings.
During Telefisco 2019, Italy’s annual tax conference, Italy’s tax authority clarified several transfer pricing (TP) tenants. Notably, the most important include:
a) Clarification regarding when penalty protection may be applied to TP documentation; and
b) The inapplicability of penalties for filing discrepant tax returns in the TP area.
Pubblicato su: TPWeek – 1 maggio 2019