VAT Exemption Conditions for High Seas Navigation: Italian Tax Agency’s Recent Clarification

• The requirement for navigation in open sea must be respected.
• The Italian Revenue Agency examined conditions for VAT non-taxability for open sea navigation.
• This applies when a ship is sold to a public entity engaged in commercial activities.
• The document discusses the applicability of a specific article of the DPR 633/72.
• Non-taxable operations include the sale of ships used for open sea navigation.
• Ships must be intended for commercial activities or fishing.
• The response to the inquiry focuses on this last aspect.

Source: eutekne.info

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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