Share with your friends

Italy: Place of supply, VAT rules for pleasure boats used outside EU

Italy: Place of supply, VAT rules for pleasure boats

A provision (article 48) of Law Decree no. 76/2020 sets forth rules concerning the value added tax (VAT) treatment of business-to-consumer (B2C) short-term hires and leases of pleasure boats and yachts.


Related content

According to article 48, the new place-of-supply rules for the lease of vessels reflect the following amendments:

  • The rules are effective beginning from 1 November 2020 (instead of 15 June 2020 as originally established).
  • The rules are extended and apply to B2C long-term leases of boats and vessels.

Under Italy’s legislative procedures, Law Decree no. 76/2020 must be converted into law by 14 September 2020.

Read TaxNewFlash

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal