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Italian prosecutors have been investigating allegations that
Apple failed to pay corporate taxes to the tune of 879 million
euros, sources told Reuters earlier this year.
"Apple will pay the tax agency 318 million euros and will sign
an accord for fiscal years 2015 onwards early next year," the
source said.
The tax office earlier confirmed a report in La Repubblica that
it had reached a deal with the iPhone maker but declined to say
how much the U.S. company had agreed to pay.
The source said that while the judicial probe, which also
regards three Apple managers, remained open for now, the
settlement with the tax agency would likely have a positive
impact on the investigation.
Apple could not immediately be reached for comment.
Apple is one of several companies, including Google and Amazon,
to become the target of tax inquiries in Europe.
In Italy, tax authorities have pledged to crack down on domestic
and multinational companies in moves that could help shore up
stretched public finances.
The probe launched against Apple claimed that by having profits
generated in Italy and booked by its Irish subsidiary, the
company reduced its taxable income base and saved just under 900
million euros in the 2008-2013 period, sources said previously.
(Editing by Paola Arosio and Mark Potter)
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