Italian Tax Authority issues Ministerial Circular on Mandatory Disclosure Rules

11 July 2022|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation|Italy, European Union

The Circular provides additional clarifications regarding, among others, intermediaries; tax advantage and the main benefit test; timing for communication; penalties; reporting items; and hallmarks.
Understanding these provisions is essential to ensuring proper reporting of cross-border arrangements under Italy’s domestic law.

Executive summary

The Italian Tax Authority published, in May 2022, the Ministerial Circular No. 12E/2022 (the Circular) on the regulation of reportable cross-border arrangem…

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