An analysis of article 110 of the Italian Income Tax Code by LED Taxand
On 20 May 2021, the Italian Supreme Court was called to decide upon a dispute concerning compliance with the arm’s-length principle – stated by Article 110 (7), of the Italian Income Tax Code (ITC) – of non-interest-bearing intercompany loans (the decision).
Our Italian firm, LED Taxand, explains why the conclusions reached are someway innovative in the Italian jurisprudential landscape and may seem prima facie deviating from the arm’s-length principle.
Read the full article here.
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