The Italian Revenue Agency has issued Protocol No. 54237/2016, which includes the implementing rules for the country's cooperative compliance program. The program was introduced in Legislative Decree No. 128, which was approved in August 2015. Under the program, participating large taxpayers are eligible for a number of benefits, including the ability to agree on tax positions with the tax authorities before filing a return, obtain quicker rulings, and be subject to reduced tax penalties. Qualifying taxpayers include those with annual revenue of at least EUR 10 billion and an adequate internal audit model in place to manage and control their...