Italy Tax Agency Clarifies Import VAT Exemption on Personal Goods for Individuals Moving to EU

The Italian Revenue Agency May 25 issued Letter No. 105/2026, clarifying the import VAT exemption on personal goods for individuals transferring residence to an EU country from a non-EU country. The taxpayer, a U.K. resident moving to Italy, sought confirmation on whether a boat purchased for private use through an Isle of Man partnership, qualified for the exemption. The boat was registered to the partnership. Upon review, the Tax Agency clarified that: 1) the possession requirement under EU Directive 2009/132/EC could be satisfied if the boat were held through a corporate vehicle attributable to the taxpayer, subject to factual verification ...