The tax control framework (TCF) is aimed at detecting, measuring, managing, and controlling tax risks for taxpayers in the cooperative compliance programme to foster improved communication and cooperation with tax authorities.
Italy’s tax authorities have updated guidelines for implementing and certifying the tax control framework (TCF) by Protocol No. 321934/2025 and Protocol No. 321940/2025 of 7 August 2025.
The TCF is designed for detecting, measuring, managing, and controlling tax risks and is intended for taxpayers participating in the cooperative compliance programme. This compliance programme aims to promote enhanced communication and cooperation between the tax administration and taxpayers, equipped with a system for identifying, measuring, managing, and TCF.
Taxpayers in the cooperative compliance programme must implement an adequate Tax Control Framework (TCF).
The tax authorities, in collaboration with the Italian Accounting Body (OIC), have updated guidelines and are working to refine the technical sheets for early withdrawal from commodity swap contracts, surface rights considerations, and issuance and closure of zero-coupon convertible bonds.
Additionally, the tax authorities issued guidelines on implementing and certifying the TCF for eligible enterprises in the insurance sector.
