{"id":1643,"date":"2025-02-27T13:30:12","date_gmt":"2025-02-27T13:30:12","guid":{"rendered":"https:\/\/studiobampo.it\/?p=1643"},"modified":"2025-02-28T11:18:01","modified_gmt":"2025-02-28T11:18:01","slug":"transfer-pricing-adjustments-rilevanza-fiscale","status":"publish","type":"post","link":"https:\/\/studiobampo.it\/en\/transfer-pricing-adjustments-rilevanza-fiscale\/","title":{"rendered":"Transfer Pricing Adjustments - Tax Relevance"},"content":{"rendered":"<h4><strong>The Tax Relevance of  Transfer Pricing Adjustments<\/strong><\/h4>\n<p class=\"translation-block\"><em><strong>Tax deduction<\/strong><\/em><br>\nThe Lombardy Tax Court of Second Instance (Judgment No. 1828\/21\/2024) recognised the <strong>deductibility<\/strong> of <a href=\"https:\/\/studiobampo.it\/en\/transfer-pricing\/\" target=\"_self\"><strong>transfer pricing<\/strong><\/a> adjustments. These adjustments, often introduced at the end of the year, serve to realign actual results with initial forecasts and thus ensure <strong>compliance with the arm's length principle<\/strong>.<br>\nAlready the OECD (since 2012) and the EU Joint Transfer Pricing Forum (in 2014) had expressed a favourable orientation, provided certain requirements were met (symmetry between the parties, consistency over time, adjustment charged to the balance sheet before the tax return).<br>\nThe Supreme Court of Cassazione, in previous rulings (e.g., No. 20054\/2014), has also ruled in favour of <br><strong>full deductibility<\/strong>.<br>\nIn the case examined by the Lombardy Court, Agenzia delle Entrate contested the application of Article 110, paragraph 7 of the Tuir, but the judges confirmed the legitimacy of the method (Tnmm) and the <strong>correct accounting<\/strong> (according to the well-known principle of so-called enhanced derivation).<\/p>\n<p class=\"translation-block\"><em><strong>OIC 34 and the new accounting classification<\/strong><\/em><br>\nWith the OIC 34 document, the classification of transfer pricing adjustments changes <strong> from the 2024 financial statements: \n <\/strong>they are considered 'variable consideration' and are to be allocated to <strong>revenue (item A1)<\/strong><strong> or costs (B6 o B7)<\/strong>, as the case may be.<br>\nPreviously, debit\/credit notes related to adjustments were often booked under\u201c<strong>other income\/expenses<\/strong>\u201d <strong>(A5 o B14)<\/strong>. The new approach promotes greater <strong>consistency and clarity<\/strong> in the financial statements.<\/em><br><\/p>\n<p class=\"translation-block\"><em><strong>Practical effects<\/strong><\/em><br>\n<strong>Unchanged operating result<\/strong>: the impact on the operating result does not change, but the inclusion under revenues or costs affects the <strong>profitability indicators <\/strong> (e.g. ROS), as the denominator relating to revenues (or the value of costs) changes.<br>\nThe accounting distinction between<strong> margin adjustments<\/strong> and<strong> price adjustments<\/strong>, which remain relevant for VAT purposes only, disappears.<\/p>","protected":false},"excerpt":{"rendered":"<p>La rilevanza fiscale degli aggiustamenti da Transfer Pricing Deduzione fiscale La Corte di giustizia tributaria di secondo grado della Lombardia (sentenza n.\u202f1828\/21\/2024) ha riconosciuto la deducibilit\u00e0 degli aggiustamenti compensativi di transfer pricing. Tali aggiustamenti, spesso introdotti a fine anno, servono per riallineare i risultati effettivi con le previsioni iniziali e garantire cos\u00ec la conformit\u00e0 al [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"%%sep%% %%sep%% %%post_title%% %%sitetitle%%","_seopress_titles_desc":"La Corte di Giustizia tributaria di II grado della Lombardia nel 2024 ha riconosciuto la deducibilit\u00e0 degli aggiustamenti compensativi di transfer pricing.","_seopress_robots_index":"","footnotes":""},"categories":[7],"tags":[76,78,79,80,77],"class_list":{"0":"post-1643","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-novita","7":"tag-aggiustamenti-da-transfer-pricing","8":"tag-deducibilita-costi","9":"tag-indicatori-di-redditivita","10":"tag-principio-libera-concorrenza","11":"tag-rilevanza-fiscale"},"_links":{"self":[{"href":"https:\/\/studiobampo.it\/en\/wp-json\/wp\/v2\/posts\/1643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/studiobampo.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/studiobampo.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/studiobampo.it\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/studiobampo.it\/en\/wp-json\/wp\/v2\/comments?post=1643"}],"version-history":[{"count":4,"href":"https:\/\/studiobampo.it\/en\/wp-json\/wp\/v2\/posts\/1643\/revisions"}],"predecessor-version":[{"id":1650,"href":"https:\/\/studiobampo.it\/en\/wp-json\/wp\/v2\/posts\/1643\/revisions\/1650"}],"wp:attachment":[{"href":"https:\/\/studiobampo.it\/en\/wp-json\/wp\/v2\/media?parent=1643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/studiobampo.it\/en\/wp-json\/wp\/v2\/categories?post=1643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/studiobampo.it\/en\/wp-json\/wp\/v2\/tags?post=1643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}