(BRIEF) Terna, Italy’s national electric power grid operator, has achieved notable milestones by obtaining the “UNI Pdr 104 2021” certification for its strong administrative and fiscal governance and being admitted to the Italian Tax Agency’s collaborative compliance tax regime. valid for five years, validates Terna’s commitment to excellence in monetary reporting and the reliability of its administrative and monetary staff. Participation in the collaborative compliance program improves tax transparency and is accepted as true with the Italian tax administration, allowing for proactive discussion of tax issues and mitigating potential risks. These achievements underscore Terna’s commitment to culpable and transparent tax practices.
(PRESS RELEASE) ROME, December 27, 2023 — /EuropaWire/ — Terna is the first Italian company to download the “UNI Pdr 104 2021” certification for the internal control and control of the administrative and accounting processes of the parent company Terna S. p. A. its subsidiaries. The national power grid operator has also been admitted to the Italian Tax Agency’s collaborative tax compliance program, heralding a close acceptance relationship with Italian tax leadership and a transparent debate on vital tax issues.
The “UNI Pdr 104 2021” certification, issued through Intertek Italia with a validity of five years, affirms that the Group led by Giuseppina Di Foggia implements strong governance in all administrative and tax issues and related processes. efforts to refine its monetary reporting procedures and validates the absolute professionalism and reliability of Terna’s administrative, monetary and staff.
Terna has also recently been admitted to the Collaborative Tax Compliance Program controlled through the Italian Tax Agency, which gives the company a new prestige as a privileged interlocutor with the Agency. The admission of Terna to the program after the evaluation through the tax government gives rise to an adequate business formula to detect, manage and mitigate conditions that may generate tax risks.
Admission to the Collaborative Compliance Program is expected to provide greater certainty on tax issues through an ongoing and pre-emptive discussion with the Italian Tax Agency and a shared assessment of the conditions likely to generate tax risks. This progression also means that the control of the tax variable will be one of the Group’s signs of excellence, also in ESG terms, as tax revenues contribute to the country’s economic and social progression.
The announcement of the admission decision through the Italian Tax Agency places Terna among the companies indexed in the Agency that operate with full transparency before the tax authorities.
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SOURCE: TERNA S. p. A.
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