With the budget law 2021 the legislator acknowledges the guidelines of the Revenue Agency on that “a ship is considered to be used for navigation sea if made in the previous calendar year or, in the case of first use, made in the current year a number of trips on the high seas exceeding 70 percent.
Source: eutekne.info
Latest Posts in "Italy"
- Italian Supreme Court Rules Non-Deductible VAT on Non-Existent Transactions Not a Business Expense
- Legislative Decree on Third Sector, Business Crisis, Sports, and VAT: Proposed Amendments to VAT Deductions
- Company in Liquidation: VAT Deduction Allowed on Late Invoices for Liquidation Activities
- Resolution No. 50: Refund of Undue VAT (Article 30-ter of Presidential Decree No. 633/1972)
- Commercial Property Conversion to Residential: VAT Deduction Adjustment Required Under Italian Tax Law
