By  on February 13, 2014

MILAN — Bulgari Group has settled its tax case with Italy’s internal revenue service, the Agenzia delle Entrate, and, while insisting it “remains certain of being in the right,” has agreed to pay a total of 42 million euros, or $57.2 million.

The company said the settlement will help “avoid a lengthy and costly confrontation over an issue whose interpretation is objectively uncertain.” Bulgari and the agency settled on a payment of 28 million euros, or $38.1 million, but the addition of taxes, interest and other fines brings the total amount to 42 million euros.

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