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Italy issues implementing measure for penalty protection regime pertaining to anti-hybrid mismatch legislation

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Italy

  • The Italian government has issued a measure that implements a penalty protection documentation regime for tax-hybrid mismatches.
  • The measure is expected to be published soon in the Italian Official Gazette and should become effective by the end of 2024.
  • The penalty protection regime should also be available for fiscal years prior to 2024, provided that the documentation complies with the requirement…

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