Italy Establishes Methods for Regularizing Non-Compliance with Global Minimum Tax Obligations

The Italian Revenue Agency has issued a release on the methods for multinational and large national corporate groups to use the voluntary disclosure (ravvedimento operoso) mechanism to spontaneously regularize any non-compliance with their Pillar 2 Global Minimum Tax (GMT) reporting and notification obligations. As previously reported, companies can use the voluntary disclosure mechanism to benefit from reduced penalties if certain conditions are met. For this purpose, Resolution No. 27 of …