viernes, 30 de junio de 2017

Italy amends transfer pricing and patent box rules to follow OECD approach

The tax provisions of Law Decree April 24, 2017, No. 50 (the Decree) include a number of measures relating to transfer pricing, which generally are designed to align Italian law more closely with the standards set out by the Organisation for Economic Co-operation and Development (OECD).

These amendments cover:

  • the replacement of the Italian concept of ‘normal value’ with a specific reference to the arm’s-length principle; 
  • an extension of the range of procedures available for obtaining a corresponding adjustment in Italy; and 
  • the exclusion of trademarks from the scope of the Italian patent box regime.
Source: PwC

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