This article provides commentary on a decree published on 14 May 2018, by the Italian Ministry of Finance (MEF). This decree provides key principles to assist implementation of the provisions contains in the revised wording of local transfer pricing law. The decree is an important step in aligning Italian transfer pricing rules with international standards following BEPS, and the 2017 revisions of the OECD Transfer Pricing Guidelines.
The decree addresses points of principle only. Further guidance in the form of regulation and circular letters will be issued by the Italian Revenue Agency in order to cover matters of an operational and procedural nature.
Read more in our Insights article from Transfer Pricing.
