Italy (IT)

Jurisdiction Overview

IDQuestionAnswer
419 *CBCR: Is there a local filing requirement of a global country-by-country reporting file (according to OECD’s BEPS Action 13) by large corporate groups (with a worldwide turnover higher than 750 million Euro) and local subsidiaries of foreign groups? OECD Legislation: Secondary mechanism is subject to restrictions imposed by OECD model legislation; or no secondary mechanism at all (only the domestic ultimate parent entity has to file the CbCR)
 Data Date: 2019

Notes

 
In 2018 the OECD wrote "Italy has introduced local filing requirements which apply to reporting fiscal years commencing on or after 1 January 2016. No inconsistencies were identified with respect to the limitation on local filing obligations." (OECD CBCR 2018: 370). "No changes were identified with respect to the limitation on local filing in case of surrogate filing" (OECD CBCR 2019: 269).

Sources

OECD CBCR 2018: 370
 
OECD CBCR 2019
 
https://www.gazzettaufficiale.it/eli/id/2017/03/08/17A01733/sg