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Tax policy

Tax governance at the TIM Group is inspired by the principles of the Group's Code of Ethics and Conduct.

Responsibility for managing tax issues lies with the Tax Department, which reports to the General Counsel. This management mainly includes:

  • tax compliance, either in terms of direct execution or in terms of supervision;
  • tax advisory support  to TIM Group operations;
  • defense of TIM Group companies, in case of tax litigations;
  • tax risk management and prevention through the internal Tax Control Framework; in this sense, tax sector activities are included in the risk control systems and general procedures adopted by the Group, as well as in the activities and the general Audit and Compliance programmes, which make an active contribution to technical discussions, at international level and in front of international bodies and institutions, on tax policy matters (both general and industry-related)

In general terms, TIM believes that full transparency towards financial administrations is part of their duty as a tax-payer, also in terms of social responsibility.

At the same time, TIM believes that full compliance with tax obligations, by all companies competing on the various markets, is not only the duty of all tax-payers, but also a necessary condition for consolidating a context of fair competition among companies that confront each other and compete on the same markets.

The commitment to transparency is reflected in all the operations conducted by the TIM Group regarding fiscal matters, as indicated in the Tax Strategy document.

Specifically, the TIM Group is committed to:

  • act in accordance with principles of honesty, fairness and compliance with tax law, taking cooperative and transparent behaviour towards the Financial Administration and third parties, in order to minimise any material impact in terms of tax risk;
  • operate in full compliance to all tax rules and laws in the countries in which it operates; to this end, it shall make a prior contact with the Revenue Agency on issues that may be counter-sensitive or of dubious interpretation in the case of complex corporate, financial or commercial transactions with significant tax outcomes, irrespective of the hypothesis of alleged abuse of right / avoidance of a transaction, and in the event of possible non-application of anti-circumvention rules;
  • implement transfer pricing policies to avoid tax base erosion; the alignment between the location of taxable income and the place where economic activity is exercised and compliance with the arm’s lenght principle;
  • refrain from setting up companies in tax havens;
  • refrain from adopting aggressive tax planning schemes;
  • an approval process of the tax policy by the board of directors.

The Company regularly reports on its tax activities and expenses in its Annual Reports.

Download the documents

TIM Tax Strategy

93 KB