Netflix makes peace with the Italian tax authorities .

The Californian giant that distributes paid movies and TV series in streaming closes the dispute with the Revenue Agency by paying approximately 55 million and 850 thousand euros in a single solution.

This is how the tax front is defined following the investigation of the Milan Public Prosecutor's Office and the Economic and Financial Police Unit of the Milanese Gdf for failure to return income , ie for taxes not paid in Italy. In the meantime, the Group has opened an operational office in Italy since 1 January 2022.

As stated in a note signed by the Milan prosecutor Marcello Viola , the "multinational group, at the end of the tax assessment phase conducted by the Revenue Agency, proceeded with the total payment and in a single payment of € 55,850,513 by way of of taxes, penalties and interest to settle any pending with the Italian tax authorities for the period from October 2015 to 2019 ". " a hidden stable organization of a foreign company operating in the digital economy , completely devoid of personnel and characterized exclusively by an advanced technological structure ". Structure that "would have been subjected exclusively to the performance of key corporate functions for the conduct of its business in the State".

Since last January 1st Netflix has set up a company "under Italian law which has begun to enter into contracts and invoice the fees from subscriptions signed with national users. This will determine the taxation in Italy of the income produced by the sale of subscriptions to users residing on the National territory".

(Unioneonline / D)