On 6 August 2015, the Italian government issued a decree that will expand the scope of advance agreements multinationals can enter into with the Italian Revenue Agency. Currently, advance agreements are generally available for transfer pricing issues and payments of interest, dividends, and royalties to non-resident entities. Under the new decree, agreements will also be available for:
- Tax values attributed to a company's assets for exit tax purposes if transferring tax residence out of Ital…