Italy: VAT rules for zero-rating of ocean-going vessels, pleasure boats

Clarifications of new VAT rules for zero-rating of vessels used on the high seas and of pleasure boats

Clarifications of new VAT rules for zero-rating of vessels used on the high seas

The Italian tax authority issued a resolution providing clarifications on the value added tax (VAT) zero-rating of vessels used on the high seas and of pleasure boats.

Resolution 54/2021 (6 August 2021) provides guidance with regard to non-resident declarants with no fixed establishment and with no VAT identification in Italy (either direct or through a VAT representative) and guidance for indirect suppliers of declarants and for vessels still under construction. The guidance allows for certain declarations to be made by email.

Read an August 2021 report [PDF 239 KB] prepared by the KPMG member firm in Italy

 

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