New Italian Tax on Yachts

[MapisM]

Update

Just in case anyone is interested, the tax previously discussed in this thread has just been widely reviewed.
What probably matters more to most forumites around here is that only Italian boat owners will be chargeable.

 

[MYAG]

...............................What probably matters more to most forumites around here is that only Italian boat owners will be chargeable.

Hmmm.... Italian boat owners? or Italian registered/flagged boats?

 

[MapisM]

or Italian registered/flagged boats?

Not necessarily.
I said IT boat owners for simplicity, actually the tax affects anyone fiscally resident in Italy (which mostly means IT citizens, but there are exceptions: IT citizens resident abroad are not chargeable, wihlst non-IT citizens resident in IT are), who have to pay whenever they have the possession of a vessel.
Whether the boat is owned or leased, and whether it is registered in IT or abroad, that doesn't make any difference.

 

[chrismol]

It is true that in Italy and in Greece it is going crazy, these countries are under a lot of financial pressure, what they do not realize is that it is simply better not to increase tax, but to lower them.
In that way more people would come to their countries and spend money.
This is exactly the fact what makes countries like Dubai so strong in these hard times.

Options are still there and that is what both government tend to forget, as a few already said, it is easy to move a boat, and than knowing that there is a very beautiful area between Italy and Greece that is called Croatia.

In my eyes a very silly move what the Italians are making, the yachting industry will even get a harder hit in this way

Good sailing to every one.

 

[BartW]

Just in case anyone is interested, the tax previously discussed in this thread has just been widely reviewed.
What probably matters more to most forumites around here is that only Italian boat owners will be chargeable.

yes, and the rates seem to be more "reasonable" I have been told ?

 

[MapisM]

Yup, particularly for bigger stuff.
Just as an example, a boat like BA should have paid 11k Eur/year with the previous structure, and is now less than half (4.4k Eur).
But as a non-IT owner, you'll be exempt anyway!

 

[Deleted User YDKXO]

Just in case anyone is interested, the tax previously discussed in this thread has just been widely reviewed.
What probably matters more to most forumites around here is that only Italian boat owners will be chargeable.

Somebody in Rome has some sense then. Taxing foreigners to visit your country is always a stupid idea

 

[Nautical]

Not necessarily.
I said IT boat owners for simplicity, actually the tax affects anyone fiscally resident in Italy (which mostly means IT citizens, but there are exceptions: IT citizens resident abroad are not chargeable, wihlst non-IT citizens resident in IT are), who have to pay whenever they have the possession of a vessel.
Whether the boat is owned or leased, and whether it is registered in IT or abroad, that doesn't make any difference.

Would this apply if an IT "Boat user" does not actually own the boat, example.... the boat is owned by a Maltese company but lets the IT guy use the boat in Italian waters? I mean does possession mean "ownership" or just in their care?

 

[MapisM]

Somebody in Rome has some sense then. Taxing foreigners to visit your country is always a stupid idea

LOL, I told you elsewhere (by first hand personal experience) that the new kid on the block knows his stuff...
At the moment, I can't see in any other Country a PM which I would swap with our - and I mean ANY other Country.
A nice change vs. the previous crook, I must add!

 

[MapisM]

Would this apply if an IT "Boat user" does not actually own the boat, example.... the boat is owned by a Maltese company but lets the IT guy use the boat in Italian waters?
I mean does possession mean "ownership" or just in their care?

I specifically used the term possession and not ownership, because that's the logic behind the new structure of this tax.
Afaik, in common law it's called "actual possession", meant as being aware of the existance of something and having physical control of it.
Surely some lawyers can be more specific.
Anyway, the bottom line is that the boat user in your example is now taxable, regardless of where his/her boat is located.
In other words, if the UK would decide to establish the same kind of tax, any UK boater, regardless of where their pride and joy is moored (including Med, frinstance) and of the structure behind its ownership, would be taxable.
Be warned....

 

[Deleted User YDKXO]

LOL, I told you elsewhere (by first hand personal experience) that the new kid on the block knows his stuff...

Yeah and if he manages to get Italy out of the big mess it's in, they'll make him the next Pope

 

[MapisM]

Nah, don't trust everything you read on the Daily Fail, IT is not in such big mess.
Anyhow, being a better Pope compared to this one would be feasible even for Silvio...