Transfer pricing audits : position of the Italian courts

Resource Information

The work Transfer pricing audits : position of the Italian courts represents a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation. This resource is a combination of several types including: Work, Language Material, Continuing Resources.

Label

Transfer pricing audits : position of the Italian courts

Creator

• Valente, P

Subject

• interest
• management fee
• royalties
• transfer pricing

Language

eng

Summary

The Italian Tax Authorities encounter difficulties in supporting their own transfer pricing audits in an unassailable manner, which is by no means a lesser difficulty than the one the taxpayer has to face when having to structure its own transfer pricing policy, especially if its intention is to adopt traditional methods. With reference to the application of the cost-plus mark-up method, the Italian Courts rejected the Tax Authorities' assessments on the basis that comparability was not absolute. Even when the Tax Authorities - with regard to differences of functions and risks - extensively debated on their irrelevance for the purpose of determining the price, the Judges ultimately ascertained an inadequate motivation for such position

Citation source

In: Intertax. - Alphen aan den Rijn. - Vol. 41 (2013),

Geographic coverage

• European Union
• Europe

Language note

English