On 8 August 2019, Italy has published the Ministerial Decree in the Official Gazette amending the Ministerial Decree of 23 February 2017 regarding Country-by-Country reporting (CbCR). The Decree amends Article no. 7 on the use of CbC reports to provide that further to being used by the Italian Revenue Agency for the assessment of transfer pricing and Base Erosion And Profit Shifting (BEPS) risks as well as CbC data may also be shared with the Department of Finance upon request for the purposes of economic and statistical analysis.
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