- Article 3 of Law Decree No. 108/2026 (the “Sport Decree”) amended Article 7 of Law Decree No. 96/2025, introducing special VAT measures for the 38th America’s Cup, held in Naples in 2027 (final matches 10–18 July 2027), plus a stamp-duty exemption for the temporary use of radio frequencies. [blog.pwc-tls.it], [en.ilsole24ore.com]
- The headline innovation allows non-EU taxable persons without a fixed establishment in Italy to claim refunds of Italian VAT even absent reciprocity agreements—but only for VAT on purchases and imports of goods/services carried out in Italy that are directly necessary for supplies related to the America’s Cup. [blog.pwc-tls.it], [quotidianopiu.it]
- Standard conditions of Article 38-bis.2 of the VAT Law (DPR 633/1972) still apply: the VAT must be deductible under Articles 19/19-bis.1/19-bis.2; refunds are excluded for certain transport/ancillary and Article 74-septies transactions; and the quantitative thresholds of EUR 400 (sub-annual) and EUR 50 (annual) remain unchanged. [blog.pwc-tls.it], [en.ilsole24ore.com]
Sources: · · [blog.pwc-tls.it] [en.ilsole24ore.com] [quotidianopiu.it]
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