Borioli & Colombo has recently contributed to the public consultation issued by the Ministry of Finance related to the new draft regulation on transfer pricing.
The draft documents refer to a new set of rules to be implemented concerning:
- Guidelines to apply the arm’s length principle in intercompany transactions, according to BEPS actions outcome; and
- Procedures to request corresponding downward adjustments by Italian taxpayers in case a TP assessment that became definitive has been carried out in another country with which Italy has a proper exchange of information.
The public consultation and comments procedure started on February 21, 2018, and ended on March 21, 2018.
Now, a meeting between the Ministry of Finance and the representatives of the contributing firms is about to be scheduled for May 2018.
For any further information or any request related to transfer pricing, please contact: