There are changes to the value added tax (VAT) treatment of ocean-going vessels and related components services. Ship owners or operators will not be able to buy or lease VAT-free vessels, unless they submit a zero-rating application to the Italian tax authorities.
The director of the Italian tax authorities issued an implementing Decree no. 0151377 (15 June 2021).
Source: KPMG
Latest Posts in "Italy"
- Italy Launches Automated VAT Assessments for Missed Annual Returns
- No VAT Presumption of Business Activity for Static Holding Companies
- VAT Adjustments in Switching Between Ordinary and Flat-Rate Tax Regimes
- Italy Updates E‑Invoicing Technical Specifications: Preparing the SdI Model for ViDA Alignment
- Late VAT Return Over 90 Days: Penalties, Missed Deadlines, and No Remediation Options
