After the conclusion of the works on the Public Consultation on Transfer Pricing, yesterday, the Ministry of Economy and Finance signed the Decree containing the guidelines for the implementation of the Italian Transfer Pricing rules according to Article 110 of the Italian Income Tax Code.
The Ministerial Decree implements the amendments to Article 110 of the Italian Income Tax Code, introduced by Decree Law 50/2017, based on which cross-border transactions between associated companies have to be valued according to the arm’s length principle.
Ministerial Decree on the guidelines for the implementation of transfer pricing rules.