The Italian Tax Authorities (ITA) issued a Protocol No. 275956 of 28 November 2017, regarding the change in the CBC reporting requirements. The Protocol instructs further implementation rules regarding the Law 208 issued on 28 December 2015.

According to the Protocol the CbC report in Italy must follow the rulings below:

  1. Companies and entities of a multinational enterprise (MNE) group with consolidated turnover of €750 million or more per year starting from 1 January 2015 must submit the CbC report.
  2. The deadline for the CbC report submission for the year 2016 is 31 December 2017.
  3. The reports must be submitted electronically through ITA portal.
  4. The reporting must be in both language English and Italian.
  5. The information to be included in the CbC report (as per the information that follows a list of items under three tables)