By Resolution no. 2/E of yesterday, January 12,2017, Agenzia delle Entrate definitely provides a clear and correct interpretation of the definition “vessel to be used for navigation on high seas”, stated by article 8-bis, point 1, par a) of DPR 633/72. It is important first of all to point out that, by such Resolution, Italy follows a “path” already started in France by the so-called “BOFIP” law issued in May 2015 by French fiscal authorities with the intention to clarify on the right to benefits of the exemption on excise and VAT on any Commercial Yacht supplies.

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