Vat Regime for Ships

In 2024, the ESG assessment programme for suppliers, launched in 2023, continued. It involves suppliers from different countries and has a duration of four years. The initiative aims to measure the sustainability performance of suppliers, assigning an ESG score, defining improvement plans and rewarding virtuous suppliers. In 2024, 760 strategic suppliers were assessed, far exceeding the 50% coverage target set for the year.
Formal obligation to benefit from the objective non-taxability regime provided for in paragraph 1

For the supply of services relating to commercial ships used for navigation on the high seas carried out as of 14 August 2021, the VAT exemption regime will be subject to the issuance, by the shipowner or other person responsible for the management of the ship, of a declaration of possession of the high seas requirements, to be sent exclusively through the telematic services of the Revenue Agency, with a model approved by the Provision of 15 June 2021.

In consideration of the aforementioned legislation, the communication of September 2, 2021 contains an indication of the VAT regimes applicable to invoices issued to Fincantieri for the transactions in question starting from August 14, 2021. This communication also accompanies the publication of the list of declarations of the high seas received by Fincantieri with an indication of the relevant data for invoicing (in particular the protocol number and the name of the ship): the list will be subject to periodic and timely updating.

 

 

 

2 Naval vessels are excluded from the new obligation. For invoices issued in relation to naval vessels,article 8-bis,paragraph 1 of Presidential Decree 633/1972 continues to apply withouth the need for a high seas declaration.