Federico Vincenti and Alessandro Valente of Crowe Valente/Valente Associati GEB Partners explain the rationale behind Directive (EU) 2021/2101 and what it means for MNEs.
The Italian government, through the European Delegation Law 2022–2023 (Legge di delegazione europea 2022–2023) that was approved on June 16 2023, has been delegated to implement European directives and other acts of the EU into the Italian legal system. Directive (EU) 2021/2101 of November 24 2021 (the Public Country-by-Country Reporting Directive), which amends Directive 2013/34/EU concerning the disclosure of income tax information by certain companies and branches, will also be incorporated into Italian legislation.
Directive (EU) 2021/2101 introduces an obligation for multinational companies to disclose their taxes paid in each EU country.
Published in: ITR (International Tax Review) – August 21, 2023
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