The Italian tax authority, Agenzia delle Entrate, has clarified that the non-taxable regime applies to boat rental contracts used for rescue or assistance operations at sea. According to Article 8-bis of Legislative Decree 633/72, certain ships and specific services, including the leasing and rental of recreational boats, are exempt from VAT. The exemption is subject to subjective requirements outlined in Circular No. 43/2011, which pertain to the activities carried out by the lessee. The exemption applies to salvage and assistance operations, without the need for the vessel to be dedicated to high seas navigation. Therefore, the declaration of “high seas” navigation is not required under Article 8-bis, paragraph 3 of Legislative Decree 633/72.
Source: eutekne.info
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