Decree No. 50 published on 24 April 2017 was implemented on 15 June 2017. According to Article 59 of Decree Law No 50/2017, a corresponding downward adjustment leading to a lower taxable income will no longer be subject to a mutual agreement procedure (MAP), but will also be available after international audits, the results of which are shared by the cooperating countries (in accordance with rules to be defined by the Italian tax authorities) for a definitive arm’s length transfer pricing adjustment in a country with which Italy has a tax treaty enabling an appropriate exchange of information.
Related Posts
Italy approves annual, basic VAT return forms for 2025 tax year
February 03, 2026
The Italian Revenue Agency approved the Annual VAT Return Form to be used for filings in 2026, covering the 2025 tax year. Alongside the standard form, a simplified “Basic Annual VAT Return Form” has also been introduced for taxpayers who
Read More
Italy extends investment tax credits for special economic zones, logistics zones
February 03, 2026
The Italian Revenue Agency announced on 2 February 2026 that it has approved new communication forms and guidelines for accessing tax incentives for investments in the country’s disadvantaged areas, following changes introduced in the 2026 Budget
Read More Italy to raise small parcel tax to EU level
January 30, 2026
Italy plans to align its levy on low-value packages with a EUR 3 EU duty, which will become effective on 1 July 2026, Economy Minister Giancarlo Giorgetti said on 29 January 2026. The move targets inexpensive e-commerce imports, especially from
Read More
Italy: Tax Authorities updates annual VAT return forms
January 19, 2026
The Italian tax authorities have released the 2026 annual VAT return forms, Modello IVA 2026 and the simplified IVA BASE 2026, together with their official instructions for the 2025 tax year. The forms are available electronically on the Agenzia
Read More
Tax treaty between Gabon, Italy enters into force
January 12, 2026
The income tax treaty between Gabon and Italy, signed on 28 June 1999, entered into force on 19 December 2025. The agreement applies to Gabon’s corporate tax, flat-rate minimum tax, individual income tax, and tax on income from immovable
Read More Italy issues legislative decree updating VAT rules
January 07, 2026
Italy’s government has published Legislative Decree No. 186/2025 in the Official Journal No. 288 of 12 December 2025 as part of its ongoing tax reform under Law No. 111/2023. The Legislative Decree No. 186/2025 introduces significant updates
Read More