MILAN – the “Cooperative compliance”, with the ‘card number 1 is delivered to the Ferrero Spa and other companies of the group, admitted to the program by the Agency of Revenue. The path of fulfilment, collaborative, planned for the companies over 10 billion of business volume or revenue, it aims to give certainty to the operations complex tax to encourage investment and to minimize tax risk. The procedure was introduced in implementation of the proxy tax. And it is not by chance that the first card has arrived at the group of Alba, the head of which tax has always been offshore. According to the latest data made available to the public, in 2014 the company to a turnover of 9 billion recorded profits more than doubled with a coupon record to the luxembourg Ferrero International. The budget ended with a net profit rise to € 827 million from the 357.5 million of the 2013 for the holding company with headquarters in the grand Duchy. On the basis of the result the shareholders had then resolved to a coupon total of 800 million. In 2015, however, The turnover of the group for the confectionery Ferrero rose to 9.5 billion, an increase of 13.4% compared to the previous year. The profit before taxes amounted to 889 million Euro, down 2.0% compared to the previous year. Now Ferrero, after years, he decided to deal with the Tax authorities for the taxation of its profits. this Is the first piece of a larger project that will affect other major actors in the Italian economic panorama, and which is intended to ensure certainty in the application of the law, particularly in tax matters. The actual entry to the scheme of cooperative compliance, the tax system for the Italian takes a decided step forward in line to the guidelines that has become prevalent at the international level. Management of activities related to the new regime of performance collaborative, in the first phase of application, is entrusted to the office of Cooperative compliance, established within the Central Directorate for the Assessment. Are currently under examination by the Revenue Agency, additional requests for admission submitted by primary multinational groups. The institute for fulfilling the collaborative aims to establish a relationship of trust between the Administration and the taxpayer which aims to increase the level of certainty on tax issues relevant. This purpose is pursued through dialogue, constant and preventive with the taxpayer, directed to a common assessment of the situations that could generate tax risks. In the first phase of application, the institute has access to voluntary confidential to residents and non-residents, with the volume of business or revenues of not less than ten billion or one billion euros, if they have filed for participation in the “Pilot Project”, launched by the Agency in 2013. These size limits do not apply to undertakings that intend to give effect to the response of the inland Revenue, provided following instance of tax on new investment.
meet the subjective requirements, the taxpayers that intend to join the scheme must, however, prove to be in possession of an effective system of control of fiscal risk in the context of the system of corporate governance and internal control. The measures for the admission of the companies of the Ferrero group, signed by the Director of Central Assessment, has been brought to the knowledge of the taxpayers in the last days of the month of December at the conclusion of the procedure of verification of eli gibility requirements for access to the regime provided for by the rule. In the course of the admission procedure was found for the coherence of the system of detection, measurement, management and control of the tax risk of the group with the “essential requirements” of the Tax Control Framework provided by law, by the same Measure of the Revenue already cited, and from the OECD documents are published on the subject.
- Topics:
- ferrero
- the irs
- nutella
- Starring:
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