Italy's new Enabling Law for Tax Reform foreshadows positive changes to cooperative compliance program

28 September 2023|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation, Transfer Pricing|Italy

New measures proposed by the Italian government should have a range of positive impacts on Italy's existing cooperative compliance program, if executed in their current form.
The new measures are part of a wider strategy to make Italy's tax regime more attractive and competitive.
Potential benefits to participating taxpayers would include penalty relief on issues and transactions cleared by the Italian tax authorities within the scope of the cooperative compliance program.

Executive summary

On 14 Au…

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