The Revenue Agency in the response to ruling no. 325 clarified:
The VAT exemption is applicable to the sale of ships in favor of an SGR, which operates on behalf of an alternative mutual investment fund (so-called FIA), which, together with the transfer of ownership, grants the same in leasing to third parties (in this case, the transferring companies), for the exercise of commercial activity on the high seas of passenger transport.
To demonstrate that the ship is used for navigation on the high seas, only one declaration can be submitted by the FIA (through the SGR), whose receipt protocol will be reported in the ship transfer invoice and used in the reports. with suppliers / subcontractors.
Sources:
Latest Posts in "Italy"
- CPB: Early Exemption from Compliance Visa for VAT Credit Offsetting up to 70,000 Euros
- 10% VAT Applies to Musical Entertainment Accessory to Restaurant Services, Rules Italian Supreme Court
- Deductibility of Non-Deductible Pro Rata VAT: Cash or Accrual Basis for Businesses?
- Expense Recharging Between Unassociated Professionals: VAT Rules and Invoicing Obligations Explained
- EU VAT Showdown: Is User Data a Taxable Payment for Free Digital Services?
