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Italy’s Transfer Pricing Regulations
Italy has well-established transfer pricing regulations that align with the OECD Guidelines.
Defining Related Parties
In Italy, related parties are defined according to OECD standards. This means that transactions between entities with certain affiliations are subject to transfer pricing regulations.
Nature of Transfer Pricing Documentation
Italy’s approach to transfer pricing documentation adheres to international standards and is consistent with the OECD Guidelines.
Tax Havens and Blacklists
Italy maintains a list of countries and territories considered as tax havens. Transactions with entities in these locations receive heightened scrutiny.
Advance Pricing Agreements (APAs)
Italy offers Advance Pricing Agreements, allowing companies to seek pre-approval for their transfer pricing methodologies, providing greater tax certainty.
Transfer Pricing Audits
Italian tax authorities conduct audits to ensure transfer pricing compliance. Companies should maintain comprehensive documentation to support their pricing strategies.