By the first deadline of December 28, 2010 1,300 Italian taxpayers filed the transfer pricing documentation notice. Of them 500 come from foreign enterprises with Italian business operation. Transfer pricing documentation filing protects from penalties in case of audit and transfer pricing adjustments.
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transfer pricing documentation
Italy’s Tax Administration Issued Guidance on Transfer Pricing Documentation
Italy issued circular 58/E with guidance on transfer pricing documentation for multinational companies. The tax administration clarified that failure to file the transfer pricing documentation notice may be considered as a factor to select taxpayer that will be subject to audit…
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