The Italian Revenue Agency published a circular aimed at providing clarifications on the subject of transfer pricing (TP) documentation on November 26 2021. The circular took into account the comments made by professionals during the public consultation that ended on October 12 2021.
The purpose of the circular is to provide further operational instructions on the new features introduced by the regulation published on November 23 2020, regarding the suitability of the declaration which allows companies to make use of the penalty protection.
Published in: ITR (International Tax Review) – 9 December 2021