Conclusion of the MAP Sample Clauses

Conclusion of the MAP. In the event of an agreement between the competent authorities, generally the competent authority that received the MAP application communicates the contents of the agreement to the taxpayer, while the Tax Office arranges for its execution, providing - where appropriate - the reimbursement o the relief of the undue tax and the related penalties and interest. In the case of an amicable procedure resulting from a transfer pricing adjustment, the San Marino competent authority generally communicates the content of the agreement to the resident taxpayer, even if the MAP request has been submitted to the foreign competent authority by the non-resident taxpayer. If the amicable settlement is pending judicial proceedings, the taxpayer can accept the definition reached in the negotiation context (with simultaneous waiver of the judicial appeal) or reject it, continuing the judgment. In any case, the taxpayer must inform in writing the competent authority and, at the same time, the Tax Office, Central Assessment Department, about the choice made.