Italian Revenue Agency Publishes New FAQ on Pillar 2 Global Minimum Tax Penalties

The Italian Revenue Agency has announced the publication of a new FAQ concerning the Pillar 2 Global Minimum Tax (GMT). The Pillar 2 FAQs were first published on 29 May 2026, covering various issues such as reporting obligations, safe harbor application, currency standardization, and others.

The new FAQ addresses penalties for failing to comply with GMT filing obligations, including the GMT notification, the GloBE Information Return (GIR), referred to as the relevant communication, and th…