Italy's Transfer Pricing Regime and IRAP
/Autori: Piergiorgio Valente e Salvatore Mattia
The IRAP is Italy’s regional business tax. Established by Legislative Decree No. 446 of December 15, 1997 (the IRAP Decree), the IRAP is levied on the independent and regularly exercised activities of production or exchange of goods or provision of services. The tax applies to the value of the net production resulting from activities carried out in the region.
