The Italian Ministry of Economy and Finance has announced the Decree of 20 May 2024 concerning the simplified transitional regimes (safe harbors) provided for multinational and national groups subject to the Pillar 2 global minimum tax rules. This includes regulations for the implementation of the transitional country-by-country reporting safe harbor and related anti-arbitrage guidance, as well as the transitional UTPR safe harbor. The provisions of the decree implement into domestic law the…