Iveco Group admitted to the Cooperative Compliance regime with the Italian Revenue Agency
21 Dicembre 2023 - 11:00AM
Turin, 21st December 2023. Iveco Group N.V.
(EXM: IVG) and its main Italian subsidiaries, Iveco S.p.A. and FPT
Industrial S.p.A., have been admitted to the Italian Cooperative
Compliance regime. This admission follows the assessment carried
out by the Italian Revenue Agency, which recognised the Group's
adoption of an effective Tax Control Framework, i.e. the system for
the detection, measurement, management and control of tax
risks.
The implementation of the Tax Control Framework
and the admission to the Cooperative Compliance regime are in line
with Iveco Group’s highest ethical standards, outlined in the Code
of Conduct, and its sustainability principles. This admission
allows the Group to establish an enhanced relationship with the
Italian Tax Authority, based on mutual trust and transparency,
increasing the level of certainty regarding situations likely to
generate tax risks, through constant and preventive
interlocutions.
Anna Tanganelli, Chief Financial Officer, Iveco
Group, said: "Admission to the Cooperative Compliance regime is
recognition of the strategic importance Iveco Group places in the
proper management of tax risk and, more generally, in the values of
ethics, legality and transparency in dealing with tax affairs.
Entering the regime is in line with our sustainability strategy,
given tax revenues play a key role in the economic and social
development of the countries in which we operate."
Iveco Group N.V. (EXM: IVG) is
the home of unique people and brands that power your business and
mission to advance a more sustainable society. The eight brands are
each a major force in its specific business: IVECO, a pioneering
commercial vehicles brand that designs, manufactures, and markets
heavy, medium, and light-duty trucks; FPT Industrial, a global
leader in a vast array of advanced powertrain technologies in the
agriculture, construction, marine, power generation, and commercial
vehicles sectors; IVECO BUS and HEULIEZ, mass-transit and premium
bus and coach brands; IDV, for highly specialised defence and civil
protection equipment; ASTRA, a leader in large-scale heavy-duty
quarry and construction vehicles; MAGIRUS, the industry-reputed
firefighting vehicle and equipment manufacturer; and IVECO CAPITAL,
the financing arm which supports them all. Iveco Group employs more
than 35,000 people around the world and has 20 industrial sites and
29 R&D centres. Further information is available on the
Company’s website www.ivecogroup.com
Media Contacts:Francesco Polsinelli, Tel: +39
335 1776091Fabio Lepore, Tel: +39 335 7469007E-mail:
mediarelations@ivecogroup.com
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