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Prada Spa has been admitted to the “Cooperative Compliance Regime” (as provided for by the Italian Legislative Decree no.128/2015), consisting in an ongoing dialogue in full transparency with the Italian Tax Authority, thereby strengthening the level of certainty on the most relevant tax matters.
Adhering to this regime is part of the broader tax strategy of the Prada Group, which has always been based on risk prevention and commitment to promote a business culture based on fairness and compliance with the law.
This represents an important milestone in the path of cooperation and mutual trust started by Prada with Tax Authorities long ago, being increasingly aware that a transparency-based tax risk management is beneficial to all Group’s stakeholders.