Transfer Pricing Audits: Suitability of Transfer Pricing Documentation

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Published in: Intertax- Issue 45.6&7

Article 26 of Legislative Decree No. 78/2010 introduced in Italy a rewarding regime related to the non-application of penalties involving intercompany transfer pricing adjustments in connection with taxpayer’s submission to the Tax Authorities of ‘suitable’ documentation to support taxpayer’s transfer pricing policies. Assessment on the ‘suitability’ of such documentation by Tax Inspectors has given rise to a variety of critical issues in the last few years.

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Ivo Caraccioli Received Special Mention as "Best Criminal-Tax Lawyer for the Year in Italy" during Premio Le Fonti Awards 2016

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Every year, Le Fonti, one of Italy’s most prominent publishers recognizes the outstanding achievements of top professionals as well as legal, tax, and corporate firms in Italy and in selected locations world-wide.
Sponsored, in particular, by the European Commission, Regione Lombardia, and the Province of Milan, the VI edition of the Le Fonti Awards (Premio Le Fonti) saw the participation of over 450 people.

We are pleased to announce that Professor Ivo Caraccioli received special mention as “Best Criminal-Tax Lawyer for the Year in Italy” for his outstanding contribution in his field during the award ceremony held on the evening of June 9th in the prestigious setting of Palazzo Mezzanotte, Milan Stock Exchange headquarters.

For the full list of winners and more details on the event, please visit: http://www.premiolefonti.it

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Suitability of Transfer Pricing Documentation

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L’art. 26 del D.L. n. 78/2010 ha introdotto in Italia un regime premiale di disapplicazione delle sanzioni relativo alla rettifica dei prezzi di trasferimento infragruppo, connesso alla presentazione all’Amministrazione finanziaria in sede di verifica di un’“idonea” documentazione che illustri le politiche di transfer pricing adottate dal contribuente. La valutazione di “idoneità” di tale documentazione da parte degli organi di controllo ha sollevato diverse criticità negli ultimi anni.

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Treaty Shopping and Beneficial Owner – Criminal Tax Profiles

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Le strutture conduit sono entità attraverso le quali i profitti sono canalizzati (channelled) verso altre entità, senza che le prime generalmente abbiano un active input or use di tali redditi.
È opportuno considerare se il ricorso a tali pratiche possa dare luogo a denunzie alla Procura della Repubblica, quale che ne sia poi il risultato effettivo nella successiva sede giudiziale, e quindi a concreti rischi di carattere penal-tributario.

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Flash News - Transfer Pricing - Criminal Tax

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Transfer Pricing Evaluations and New Aspects Introduced by Legislative Decree No. 158/2015
The reform of criminal tax penalties under Legislative Decree No. 158, of 24 September 2015, subsequent to the Delegated Tax Legislation provided by Law No. 23, (Article 8), of 11 March 2014, thoroughly revised the entire tax crimes system through a series of interventions aimed at enforcing the self-same Delegated Tax Law with the purpose of restricting the scope of criminally relevant issues to the advantage of administrative tax penalties.

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