Following the changes introduced by art. 1, paragraphs 725 and 726 of the Law 2 December 2019, n. 160 (as amended by art.48, paragraph 7 of the Decree-law of July 16, 2020, n.76), the VAT regulations envisaged for leasing, including financial, chartering and similar pleasure. The rule was introduced into our legal system following an infringement procedure opened by the European Commission against Italy. This made it necessary to modify the implementation rules for identifying the territoriality requirement, substantially modifying the regulatory approach.
Source PwC
