Italy: CbC reports with United States | KPMG | GLOBAL

Italy: Automatic exchange of country-by-country reports with United States

Italy: CbC reports with United States

Representatives of Italy and the United States on 27 September 2017 signed a bilateral competent authority agreement (CAA), providing for the automatic exchange of country-by-country (CbC) reports between the competent authorities of the two countries.

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This agreement allows for the automatic exchange of reports between the Italian tax agency and the IRS within 15 months of the last day of the reporting year. However, the exchange can occur within 18 months for fiscal year 2016.

 

Read a November 2017 report [PDF 182 KB] prepared by the KPMG member firm in Italy

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