Thursday, February 25th, 2021 – from 10.00 a.m. to 13.00 a.m. – on the Zoom platform, the professionals of Bacciardi and Partners Tommaso Fonti, LL.M., Denis Amici and Lorenzo Statella will hold the webinar on “TRANSFER PRICING: new documentation requirements and critical issues from Covid-19 crisis”.
On 23th November 2020, the Italian Tax Authorities issued the Provision No. 360494 that has amended the Italian regulations on Transfer Pricing documentation (“Provision”); such new regulations are applicable from fiscal year 2020.
The Provision introduces many incisive changes in the field of Transfer Pricing Documentation and aligns the Italian regulations on Transfer Pricing Documentation with OECD standards.
In light of the changes introduced by the Provision, it is important that multinational groups interested in benefitting from the penalty protection regime immediately start to organize the relevant information and data necessary to prepare the Transfer Pricing Documentation in accordance with the new standards.
With reference to the fiscal year 2020, multinational groups will also have to assess the possible impacts of the Covid-19 crisis on the group’s TP policies and to properly describe such impacts within the Transfer Pricing Documentation, also taking into account the recent guidance provided by the OECD.
The webinar will have a practical and operational approach and will illustrate to participants the innovations contained in the Provision, as well as address and offer solutions to the impacts that the Covid-19 crisis may have on the Transfer Pricing policies of multinational groups.
The speech will be in Italian.