15. Italy

Monetary threshold for LF preparation

• Not applicable​

Preparation deadline

• By the due date for filing the company’s tax return, which is 10 months after the end of the tax year.

Submission deadline

• Within 20 days of a request by the tax authorities.

Language

• Italian

Penalty

• If proper the LF is not available, penalties generally range from 50% to 100% of the additional tax assessed.

  • Reference: Implementation guidance on transfer pricing documentation (Italian)

Last updated: November 20, 2025