VAT ON CHARTER

CHARTER IN ITALY

CHARTER IN ITALY

NEW RULES APPLICABLE UPON 1ST APRIL 2020
 

Conditions precedent:

·      Yacht registered under a EU-flag with the authorization by the Flag-State to be chartered, or if non-EU-flagged the yacht must have been EU-imported;

·      The Operator must be VAT- registered in Italy;

 

VAT:

·      The VAT rate is 22% on ALL charter starting in Italy or coming in from outside EU;

·      The Owning Company may not charge Italian Vat on the portion of effective use (the time or the miles)  spent in international waters.

·      There is none Italian VAT to be paid or charter-parties starting from other EU-member states.

 

Tax-free fuel:

·      Available against current charter agreement and under respect to the condition that over the civil year 70% of the voyage of the yacht goes outside of the 12 miIes zone.