Transactions treated as exports: vessels used for high sea navigation – Territoriality of the provision of services relating to pleasure vessels
Evolution of the domestic legislation and practice with regard to the VAT provisions set out for the nautical sector by the Budget Law 2021 (i.e. Law no. 178/2020) which provided for some new provisions on the following matters:
- transactions treated as exports consisting in the supply of vessels used for navigation on the high sea and the related provision of goods and services pursuant to art. 8-bis, letters a), d), e) and e-bis), of the Presidential Decree no. 633/1972;
- leasing services, including financial leasing, chartering and similar services, not of short-term, of pleasure vessels, whose territoriality is linked to the place of use of the boats according to art. 7-sexies of the Presidential Decree no. 633/1972.