The Italian Revenue Agency issued a release on 29 January 2021, announcing that penalties in relation to information filing requirements for DAC6 reportable arrangements will not be imposed in respect of declarations made by 28 February 2021. Italy's DAC6 requirements are in line with EU requirements, including the initial deferral of reporting to 31 January 2021. The penalty relief is being provided as part of a draft circular that is currently being finalized to clarify the implementation …