The VAT SMARTBOOK 2020 was printed at the end of June 2020.
On July 17th - unexpectedly and with a huge delay – the Italian Government decided to postpone the entering in force of the new Italian VAT law to November 1st thanks to the “Simplification Decree” N. 76/2020 published on the Official Gazette (Gazzetta Ufficiale, Serie Generale N. 178 del 16/07/2020, Suppl. Ordinario N. 24), entered into force on July 17th 2020 in which the word “April” – contained in subparagraph 726 of Law 27/12/2019 N. 160 – has been replaced by the word “November”).
This decision follows the French Government’s one in order to revitalize the yachting industry after the recent emergency of COVID-19 pandemic.
Contrarily to what can be read in the Smartbook on pages 9 & 10 and 54 & 55 related to chartering in Italy during summer season 2020, Italian charters including cruising outside the European Union territory, can still benefit of the “old” VAT scheme of lump sum VAT reduction.
