July 25, 2016

July 22, 2016

Italy Launches a Cooperative Compliance Programme for Large Business Taxpayers

The Italian Revenue Agency is calling for applications to take part in a pilot project aimed at identifying a new framework of relationships between large business taxpayers and the Tax Administration.  The project follows the recently issued Organisation for Economic Co-operation and Development report “Co-operative Compliance: A Framework – From Enhanced Relationships to Co-operative Compliance”.

The new framework will envisage a commitment for taxpayers to adopt compliant behaviors based on transparency and disclosure in dealing with the Tax Administration.  In exchange for a higher level of transparency, the Agency will have to be prepared to meet taxpayers’ needs and to resolve relevant issues in a timely and effective manner.  In brief, the underlying purpose of this new model of relationships is to implement an ex-ante rather than the traditional ex-post approach to tax controls, with related benefits in terms of taxpayers’ compliance and of providing certainty and predictability in advance.

Large business taxpayers interested in filing the application may find all necessary information on the Revenue Agency's website. The deadline for applications is 31 July 2013.

© 2016 McDermott Will & Emery

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In 1934 E.H. McDermott opened a law practice that focused exclusively on taxes. As chief counsel to the Joint Committee on Taxation of the United States Congress, McDermott observed firsthand how the rapidly expanding federal tax laws were affecting businesses and individuals. He recognized the need for a law firm to assist people and their businesses to understand and comply with their changing tax obligations.

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