Italy: Instructions that must be respected by all Italian and foreign yacht seafarers / crews currently in Italian shipyards and/or docks

All seafarers and crew members of yachts currently based in Italy, will be able to enter and move around the Italian
territory only for the mandatory reasons indicated by the Prime Ministerial Decrees of March 8th and the following issued on March 22nd

NEWS

SOS Yachting Italy will participate to the training day of Hill Robinson on the 5th of February in La Spezia, Italy.

Our Operation manager from our Italian office Sara Ammannati will be on the panel giving an overview of the general requirements for Chartering in the EU and VAT on charter in Italy and new regulations in force.

On the 29th of January, the European Parliament gathered in plenary session in Brussels, where they voted and ratified the text of the United Kingdom's withdrawal agreement from the European Union.

The Italian Budget Law for 2020 (Law no. 160 of December 27th, 2019) published on the Italian Official Gazette (GAZZETTA UFFICIALE) on December 30th 2019, changes the provision of the application of the Italian VAT due on short term charters with departure from the Italian territory.

The “D.D.L di Bilancio 2020“ (the Italian Finance Act 2020) approved by the “Senato“ and transmitted to the “Camera“ provides a new rule related to the place of taxation for VAT purposes of short-term charter of pleasure boats.

Changes may occur very soon in Europe concerning the current reduced VAT lump sum taxable base on charter contracts.

The EU Commission’s goal is to harmonize rules abolishing the laws currently in place in Italy, France, Malta and Cyprus for the reduction of VAT on the taxable base for charter contracts and apply the general criteria contained in articles 56 and 59a of the EU VAT Directive 2006/112/CE.

Each November, SOS YACHTING hosts their annual company meeting, a milestone on the growing of our group, to make a point on the season that just ended and making plans for the next one in order to be able to provide more satisfying support to our clients.

The SOS YACHTING team represented by the operations managers of the Spanish and of the Croatian offices – Alessia Manfredi and Sanja Dujmic - will attend to the Antigua Charter Show from 4th to 9th December.

SOS Yachting will be in attendance to the 60th edition of FLIBS this year and we are looking forward to meet our American clients, stakeholders and friends.

SOS Yachting team from Croatia, France, Italy and Spain will be in attendance at the Monaco Yacht Show. If you are there and would like to meet us and talk about VAT representation and tax please contact us on team@sosyachting.com.

SOS Yachting is proud Corporate Sponsor this year of the 12th edition of the Superyacht Finance Forum by Money Forum on the 24th of September at the Café de Paris.

The 5th Fiscal meeting will take place on the 24th of September at the prestigious Hotel Hermitage the evening before the start of the Monaco Yacht Show.

SOS Yachting Croatia

After introducing different VAT applications in Europe, in 2012 SOS Yachting was launched as a direct response to meet increased demands of the yachting industry to be in line with tax policies in different European countries.

The Commission this July 25, 2019 has decided as part of the “July Infringement package“ to take further steps on the infringement proceedings opened on November 8th, 2018 regarding certain Italian fiscal rules related to the Yachting sector.

SOS YACHTING FRANCE

22 QUAI LUNEL 06300 NICE

email us

SOS YACHTING GREECE

50 KARNEADOU STREET 10676 ATHENS

email us

22 QUAI LUNEL
06300 NICE

50 KARNEADOU STREET
10676 ATHENS