- Legislative Decree No. 87 in Italy amends the tax penalty system
- Penalties include 70% of tax for incorrectly documented amounts, 5% for undocumented consideration, 50% for exports without tax, and 70% for unlawfully computed deductions
- Decree entered into force on June 29, as published in the Italian Official Gazette
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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