Federico Vincenti and Carola Valente of Valente Associati GEB Partners/Crowe Valente examine how the new regime allows medium-sized taxpayers to access penalty relief and strengthen tax governance without joining the cooperative compliance scheme

In recent years, Italy has taken significant steps towards promoting transparency, risk management, and collaborative relationships between taxpayers and the tax administration. Central to this evolution are two key concepts:
• The tax control framework (TCF); and
• Cooperative compliance.