Italian authorities have delayed the application of a new VAT system on charters until November 2020…
In 2019, the European Commission announced that the application of VAT on charters as practised in Italy, France, Malta, Cyprus and Greece would no longer be applicable in 2020. In other words, merely cruising into international waters and benefitting from a lump sum reduction in VAT will no longer be possible. Instead, VAT reductions are now to be determined on a strictly pro-rata basis. These rules should have been applied to superyacht charter contracts in Italy executed after 15 June 2020, however, the Italian authorities have announced that the new system will be applicable to all contracts executed after 1 November 2020.

https://www.superyachtnews.com/business/application-of-new-italian-vat-system-delayed