Introduction and Regulatory Background In the yacht-leasing sector, Italian VAT law lays down a special regime for pleasure yacht used outside the European Union. Under Article 7-sexies(1)(e-bis) of Presidential Decree No 633/1972 (introduced by Law No 160/2019), only the portion of the leasing service corresponding to use within the EU is territorially relevant and therefore […]
As of May 26, 2025, the official website of the Insurance Arbitator (Arbitro Assicurativo) is online. This body, established under the Decree of the Italian Ministry of Business and Made in Italy of 6 November 2024, No. 215, is intended to serve as an alternative dispute resolution (ADR) mechanism between consumers and insurance companies or […]
As the European Union tightens its grip on financial crimes, the luxury goods industry finds itself at a pivotal crossroads. The recently enacted Anti-Money Laundering (AML) Package introduces stringent measures that could redefine operations within this high-value market. On June 19, 2024, the European Union published a comprehensive AML Package in its Official Journal, comprising: […]
With Resolution No. 39/E dated 6 June 2025, the Italian Revenue Agency has introduced tax code 2510, to be used by insurance companies when paying stamp duty on communications related to life insurance contracts, calculated for each year up to and including 2024. The first payment deadline is set for 30 June 2025. This new […]
In a recent ruling dated May 6, 2025, the Court of Tempio Pausania declared the inadmissibility of a precautionary arrest of a pleasure yacht. The Court held that the notification of the arrest application and the related decree, when made abroad exclusively under Article 151 of the Italian Civil Procedure Code, is ineffective in the […]
In a noteworthy judgment delivered on 11 April 2025, the Court of Como ruled on the interpretation of clauses in an insurance policy covering property damage. A British couple who owned a house in the municipality of Laglio had taken out an insurance policy through a friend who acted as an intermediary with an Italian […]
This article explores how the principle of transparency operates within the insurance sector, understood as a specific application of the broader duty of fairness and good faith. In regulated markets such as insurance, consumers, in theory, receive all necessary information. However, due to the complexity of the language used in contractual provisions, they often struggle […]
On 10 April 2025 the Italian Customs Agency has issued Circular No. 8/2025 to clarify procedures for non-EU yachts entering Italian waters, in light of recent legislative changes (Legislative Decree 141/2024). Temporary admission The previous guidelines provided in Circular No. 20/2022 have been confirmed, according to which “Temporary admission” regime allows non-EU private pleasure craft […]
Italy has introduced significant changes to the rules governing tax representatives for VAT purposes for non-resident entities. We remind you that companies not resident in the EU are required to appoint a tax representative in Italy in the case of charters departing from Italy, in order to comply with all Italian VAT obligations. In fact, […]
In today’s European insurance landscape, outsourcing has evolved from a simple operational tool into a key pillar of corporate strategy. Outsourcing is regulated by a clear regulatory framework, that is based on the Solvency II Directive and the EU Delegated Regulation 2015/35, which both offer the possibility of delegating services and business functions to third parties, provided […]
