Italian Revenue Agency publishes guidelines for adoption of a tax control framework

Federico Vincenti and Carola Valente of Valente Associati GEB Partners/Crowe Valente explain the framework’s elibility and certification requirements, its benefits for participating companies, and how it addresses the detection and management of tax risks.

On Jan. 10, 2025, the Italian Revenue Agency approved guidelines for the implementation of an effective tax risk detection, measurement, management and control system (Tax Control Framework) for companies wishing to join the collaborative compliance regime. This regime, introduced in 2015, aims to promote enhanced cooperation between the tax administration and taxpayers.

It is reserved for resident and nonresident entities (with permanent establishment in Italy) with a turnover or revenue of not less than €750 million.