Practice area

World TP Reviews

Transfer pricing
Allen & Overy

International full-service firm Allen & Overy has an active tax and transfer pricing department in Italy.

Partner Francesco Guelfi has been very active over the last year and supported clients on transfer pricing issues. The firm has been advising large global private equity funds and investment funds. 

Partner Francesco Bonichi left the firm in April 2018 and is now a tax partner at EY.

Client feedback

“Their tax opinion has been supported by a strong analysis of the facts, the relevant law and guidelines from both a local and international perspective. They also advise on the accounting system implementation impact.”

Baker McKenzie

The tax group at Baker McKenzie in Italy has 38 professionals working on tax and transfer pricing matters. The team provides a full range of services and assistance to major foreign and Italian multinationals including Diesel, Nestlè and Vodafone.

Over the last year the team has managed and mapped the risks for a client’s IP migration. This included assistance in transfer pricing planning. Partners Massimo Giaconia and Mario d'Avossa are currently leading the team in advising clients on new group transfer pricing policies for transactions. This requires a full analysis of the industrial supply chain.

In 2017 partner Maricla Pennesi left the firm and joined EY. Early in 2018 senior associate Giovanni Gallucci left the firm and joined EY.

Belluzzo & Partners

Belluzzo & Partners is an international firm with offices in Milan, London, Verona, Singapore and Lugano. Partner Luigi Belluzzo leads the team in transfer pricing matters.

Over the last year the firm has advised a company in transfer pricing dispute before the Italian tax agency. It has also advised industry-leading companies on transfer pricing issues. 

In May 2017 the firm hired Francesco Pedrotti as partner and head of tax litigation. Before joining the firm Pedrotti worked with Studio Pedrotti. The firm also hired senior advisor Domenico Sannicandro in the same year.

Bonelli Erede Pappalardo Studio Legale

Bonelli Erede Pappalardo Studio Legale is a leading firm in Italy. The tax and transfer pricing team is well respected by competitors. Partner Stefano Simontacchi is heavily involved in transfer pricing matters at the firm. He is a specialist in international taxation, transfer pricing and tax planning.

The team works with high-profile clients in fashion, consumer goods and the automotive industry. It assesses transfer pricing issues and establishes the risk for these high-value companies.


The tax and transfer pricing team at Chiomenti provide legal advice and assistance in a diverse range of sectors. Massimo Antonini leads the transfer pricing team and has a focus on transactions, M&A, private equity and transfer pricing.

The team is currently reviewing a group transfer pricing policy for a large company. It is also involved in ongoing transfer pricing litigation.

The firm hired four new junior associates in 2017: Maria Campagnoli, Roberto Rocca, Lorenzo Ferro and Tiziana Ventrella.

De Berti Jacchia Franchini Forlani

The team at De Berti Jacchia Franchini Forlani offers support in corporate tax, indirect tax, M&A, tax litigation and transfer pricing. Massimiliano Gazzo leads the transfer pricing team at the firm and specialises in international tax, assisting multinationals in structuring and restructuring their supply chains and transfer pricing. 

Last year the firm acted as principal advisor to the Stanleybet group in a transfer pricing matter involving the Italian tax authorities. The team also assisted in the rethinking and implementation of the transfer pricing policy for a large banking group.

DLA Piper

DLA Piper assists its clients in complex tax matters. The team has a good reputation for its work in cross-border work, tax audits, tax litigation and transfer pricing.

Partners Antonio Tomassini, Christian Montinari and Federico Pacelli have been active in assisting clients with transfer pricing matters over the last year. The team is currently acting as tax adviser to a multinational building materials company, particularly in relation to transfer pricing issues. 

In 2018 the firm hired partner Federico Pacelli from BonelliErede. In 2017 partner Andrea Di Dio was hired from Chiomenti and tax director Marica De Rosa was hired from Studio Tributario & Societario.


The EMEIA Tax Center at EY is organised as a supranational entity covering the entire Europe, Middle East, India and Africa (EMEIA) region, with its Intercompany Effectiveness and operational transfer pricing practice serving clients’ needs across all jurisdictions.

Led by Oslo-based partner Sveinung Baumann-Larsen, it brings together multi-disciplinary experience and resources focused on IT, accounting, and tax from the entire region in its work. This work covers some of the leading global companies in their respective fields and includes those involved in retail and consumer products, energy and pharmaceuticals, to name but a few.

Hager & Partners

Hager & Partners offers consultancy in national and international tax and transfer pricing matters. Heinz Peter Hager heads the firm and is a leading adviser in M&A, and corporate restructuring in real estate. Gian Luca Nieddu is head of transfer pricing and tax value chain at the firm. Its portfolio of clients includes stock-listed companies and businesses in a range of industries. 

The team has prepared transfer pricing documentation for a high-value company and a global consumer goods brand over the past year. 

In the last 12 months the firm has hired three new junior transfer pricing specialists: Francesco Russo, Serena Cresta and Lorenzo Piri. Luca De Rosa and Andrea Rho also joined the firm as senior tax professionals.

LED Taxand

LED Taxand launched last year and is already being recognised by competitors for its work in tax and transfer pricing. Stefano Bognadi leads the transfer pricing team and has been advising domestic and international corporate clients for more than 20 years.

The firm has been involved in a number of transfer pricing matters over the last year and the team has supported many high-value clients in this area.

Studio Associato – Consulenza legale & tributaria (KPMG)

Gianni De Robertis is head of the transfer pricing team at Studio Associato (KPMG) and across the EMEA region. The team has experience in large-scale multinational projects.

Last year the team assisted a large multinational in preparing global transfer pricing documentation. The firm has also provided transfer pricing assistance for a bilateral APA for a large client.

Valente Associati GEB Partners / Crowe Valente

The Valente Associati GEB Partners tax and transfer pricing department is led by Piergiorgio Valente. Valente is the founding and managing partner of the firm. 

Over the last year the team has assisted a publicly listed company on transfer pricing issues involved in a group reorganisation. It has also been involved in the analysis of the tax and transfer pricing implications of an investment project. 

The firm has made many hires over the last 12 months. Three associate partners, Ugo Police, Franco Carella and Rossana Arioli, joined the firm in December 2017. Giovanni Berio joined as a tax partner and Federica Poggio joined as tax and global wealth unit partner in the same year.