Sardinia Luxury Tax on Mediterranean Yacht Charter Vessels Abolished

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Surprisingly, this question often comes up when our clients return from a memorable luxury yacht charter vacation.
Charter clients seem mesmerized by The Superyacht Experience.™ We’re thrilled! : ) Indeed, it’s hard to imagine any other vacation on par with yachting. It’s an experience where the superyacht serves as a platform for an eco-friendly adventure. Most of all, it’s a chance to reconnect with family and friends, embrace diverse cultures, and rejuvenate mind, body, and spirit.
But is it a “bridge too far” to transition from luxury yacht charter guest to superyacht owner? Actually, it’s fairly common for charterers to become superyacht owners.
Some people purchase a specific automobile make and model after renting one for a long trip. They like how the car looks and handles. Of course, they celebrate how the vehicle whisked them to a new destination, in style and comfort.
Similarly, charterers become enthralled with the creature comforts of a yacht. Certainly, the idea of arriving in an exotic destination on a floating villa is pretty darn appealing.
From there, the intrigue and hunger continue to grow. After all, why limit your family’s enjoyment of cruising to just one or two weeks a year?
The yachting lifestyle is addicting!
WE AT 1-800 YACHTCHARTERS CAN HELP YOU CHARTER OR PURCHASE A YACHT! You win with us because a portion of everything that we earn goes to the charity of your choice! We know the yachts. In addition, we know management. We charter these yachts. Our company knows Captains and professional crew. Most important, we know clients! YOU are important to us. We LOVE our job. 1-800 Yacht Charters cares about the ocean. We care about YOU. Our company works to make a difference every day. We give back. We’d love to be on your team!
Let’s take a look at three, popular superyacht charter vessels currently available for hire, and also available for purchase.
We never quite understood the meaning of Quantum of Solace as the title of the James Bond film. It doesn’t matter – naming superyachts in homage to Bond films is very popular. There are many James Bond boats as we like to call them. For instance, Octopussy, Skyfall, Casino Royale, and others.
There is even a superyacht named after the 2008 Bond film, Motoryacht QUANTUM OF SOLACE. The 72.6m superyacht was built in 2012 and refit in 2017. Here’s our description of the yacht on our charter website.
“Award-winning Proteksan Turquoise motor yacht QUANTUM OF SOLACE is noteworthy for a few reasons. Specifically, her spectacular lines and enormous volume. Charterers enjoy many entertainment and relaxation areas. For instance, her salons, bars, decks, and terraces. She is a Turkish build. The yacht features both interior and exterior design by H2 Yacht Design. QUANTUM OF SOLACE accommodates up to 12 guests in seven beautiful cabins.”
Her weekly charter rate is €560,000.
Her listed purchase price is $58,000,000.
Finally, a yacht with a name we can understand! Well…not really. We cheated and looked up the meaning. In numerology, the number 11 is considered a master number, and it signifies enlightenment. If you pair the number with itself, 11.11, it represents a message from the universe to become aware.
Cosmically, we’ve got a ways to go. However, even we’re aware that Benetti yacht 11.11 is stunning. Here’s a little history from our website on how this yacht came to be.
“Benetti yacht 11.11 is a winner from the 2016 World Superyacht Awards. She is only the second plumb-bowed boat built by the fabled Italian yard. This beautiful lady was originally commissioned to look like a Russian Czar’s palace. Her first owner walked away when the yacht was just 40% complete. A new owner stepped in to transform the yacht into an award-winning monochromatic masterpiece. What a fortunate owner! The current trend is to build yachts with hard, minimalistic edges. This yacht’s main living areas onboard yacht 11.11 offer suppleness and comfort.”
Here is a link to our video by company President, Jana Sheeder, for superyacht 11-11. Enjoy!
The weekly charter rate is €650,000.
The listed purchase price is €59,500,000.
Back in grade school, we were taught Pluto is the ninth planet in the solar system. Now, it’s referred to as a dwarf planet. It’s ok, Pluto – we‘ll still call you the ninth planet!
Avoiding the naming controversy is the 73.2-meter superyacht PLANET NINE. Forget outer space – there’s plenty to explore on earth. This yacht is built for ocean adventure. Our website notes describe this superyacht as a
“…Long-range high-quality luxury explorer yacht with serious go anywhere sea keeping characteristics, heavy build specification and suitable for sailing in ice conditions in accordance with its class notation. Dynamic positioning and suitability for global cruising. Commercially approved helideck suitable for an Augusta Grande dimensionally or larger helicopter in weight, up to 8 tons, with enclosed below-deck hangar.”
The weekly charter rate is €650,000.
The listed purchase price is €85,000,000.
Are you ready to charter or purchase a yacht? Please count on us. Let’s make a difference together. We created to term and the concept, The Superyacht Experience(tm), so we KNOW yachts, and we KNOW what you want to experience! Call, text, WhatsApp, snail mail, or email us today! Put us to work on your behalf! We stand ready.
This entry was posted in Yacht Charter News Yacht of the Week Frequently Asked Questions Educational Video and tagged 1-800 Yacht Charters, private luxury yacht charter, James Bond, benetti yacht charter, motoryacht charter, Charity, Jana Sheeder, president of 1-800 Yacht Charters, the superyacht experience, 11-11, yacht sales, luxury yacht charter, buy a boat, yacht for sale, buy a yacht, Planet Nine, The Superyacht Experience(tm), yacht for charter, Quantum of Solace, Planet 9, yacht purchase, boat rental, charter or buy a yacht
Posted onWhether on Instagram, Facebook, YouTube or the web, just about everyone has seen ads for luxury yacht charter vacations. Gourmet meals, white glove service, and Ri¢hie Ri¢h toys are the benchmark of these lavish floating resorts. The essence of The Superyacht Experience™ is a passion for discovery, and a longing to reconnect with family and friends – fueled by a generous budget. We bring you three ways to avoid being ripped off on your yacht charter.
How do you know the rate quoted for a superyacht holiday is legitimate. In specific, not an arbitrary, marked-up price. Further, designed to take advantage of your affluence? Beyond the accuracy of the price, how do you know if it’s a good deal as well?
We have outlined three steps to take to guarantee your charter rate is accurate, fair – and a great value for the money invested. Following these steps will help you avoid price gouging and rip-offs by unscrupulous merchants.
Note: We’ve also included helpful advice from our company President, Jana Sheeder (1-800 Yacht Charters).
First, UNDERSTAND who sets the rate for a yacht for hire.
The first step to ensure you are quoted a legitimate price for your yacht charter adventure is to understand who determines the price. In the world of ultra-luxury yachts available for hire, the charter rate is set by the yacht OWNER. Luxury charter yacht owners typically hire a company referred to as a “Central Agent” to serve as their representative. The central agent (CA) maintains the yacht’s charter calendar, administers the charter paperwork, and collects the charter funds. Many CA’s will offer guidance to an owner to help establish a fair price for charter (often based on comparisons to similar yachts), but ultimately it is the owner who sets the rate, and the CA publishes that rate.
Secondly, CONFIRM the rate quoted is the rate set by the yacht owner.
Luxury yacht owners rarely make themselves or their CA available to the public – preferring to leave the business of chartering in the hands of professional Charter Brokers. These brokers perform much the same role as real estate agents – serving as the go-between for the Buyer (Charterer) and the Seller (Owner). Charter brokers have access to the CA’s and are responsible to confirm rates and date availability with the CA’s.
Once you have narrowed down your options to a specific yacht, ask your charter broker to provide a written cost proposal from the CA – ensuring the rate quoted is the rate established and set by the yacht owner.
“Some charter brokers will balk at the request of a written cost proposal from the CA, fearing the client will attempt to contact the CA directly to secure a better deal. If you sense hesitation on the part of your broker, tell your broker to ‘register’ your name and inquiry with the CA. To do this, send your charter broker a short, written note (via email) naming your broker as your authorized charter representative for the purpose of securing the charter of the specific yacht for specific dates. Your broker then shares that note with the CA and registers you as their client. Now the broker will feel protected and will be more inclined to seek written confirmation from the CA as to authenticity of the rate quoted.”
Thirdly, MAKE an offer!
Once your broker has communicated the published rate to you, and you have verified the rate is accurate, consider making an offer below the published rate. Again, think in terms of the real estate marketplace. Sometimes (but not all of the time), a property owner will accept an offer to purchase his or her real estate for an amount below the published selling price.
Unless you feel the published rate is fantastic, we can’t think of any reason not to ask for a discount! Think the owner is gouging a bit in high season? Ask for a discount. The owner may accept your offer, make a counter-offer, or simply say no. The point is – it’s your money, and you just might end up keeping more of it in your pocket!
“Before you make an offer, ask your broker if they have ever secured a discount from this owner in the past, and how much (%). The answer might surprise you. At the very least, it will help you formulate an offer based on the owner’s prior willingness (or lack thereof) to negotiate below the published rate.”
In conclusion, by following these three steps, you are safer. You ensure the charter rate quoted is not only accurate and fair, but also the best deal available. The Superyacht Experience™ includes honest, ethical advice from a yacht charter company serving discriminating clientele since 1976.
Take the promise of a great rate to a whole new level – only 1-800 Yacht Charters offers a “Best Price Guarantee.”
This entry was posted in News Frequently Asked Questions Educational and tagged Best Price Guarantee, Jana Sheeder, president of 1-800 Yacht Charters, the superyacht experience, Make an offer, How to get best price on a yacht charter, 3 ways to avoid getting ripped off, what is a Central Agent?, written cost proposal, honest advice by yacht charter company
Posted onLooking for a change of scenery? We get it. “Pandemic fatigue” is starting to set in for most of us. Indeed, the idea of escaping the “Covid blues” sounds better and better every day. Covid travel restrictions are important to know.
For many affluent travelers, a holiday luxury yacht charter is very appealing. After all, if you have to practice social-distancing, why not set up camp on a private yacht?
Unfortunately, much of the Caribbean is still imposing harsh restrictions on tourism. For example, mandatory tourist quarantines are in place in the British Virgin Islands. It is the most popular yacht charter destination in the world. We anticipate these restrictions will still be in effect for Christmas and New Year’s Eve.
Thankfully, there is one tropical destination open for business. That is the Bahamas.
Travel restrictions in the Bahamas have relaxed significantly compared to the start of the year. Still, there are strict guidelines for Bahamas yacht charter guests.
Below are guidelines in effect as of November 20, 2020, for the holiday season.
These rules apply to every guest over 10 years old. Each passenger on your yacht must get an RT PCR nasal swab Covid-19 test 5 days or less before arrival. Test results from any other type of COVID-19 test are unacceptable. Passengers under the age of 10 do not need to be tested. All tests must be negative for entering the Bahamas.
Each guest must complete a travel health visa, along with submitting a negative Covid-19 test,. The application is available online. First, go to www.travel.gov.bs. Second, select “International,” and create an account. Fill out your visa information, upload your negative test results, and submit your application. Allow up to 72 hours to receive an approval confirmation. IMPORTANT TO NOTE, you need to print the approval document and bring it with you. You must present the document to Bahamian officials when entering the country.
5 Little Known Facts About The Bahamas
You must opt-in for health insurance when you complete your health visa application. Specifically, you will be covered for any Covid-19 health issues during your time in the Bahamas. For example, the cost of a mandatory rapid antigen test (required on day 5 of your visit) will be covered. You’ll also be covered if you require quarantine (up to $7000) or medical evacuation (up to $50,000). Charter guests staying 4 days or less pay $40 for coverage. Visitors staying more than four days pay $60.
You are required to take this test if you stay in the Bahamas for 5 or more days. You must quarantine aboard your charter yacht while you await the results of the test. Don’t worry, results are typically texted or emailed within 60 minutes. IMPORTANT NOTE, a rapid antigen test is not required if you have no plans to go ashore during your charter.
Charter guests are required to answer an online health questionnaire each day. This survey is used to identify potential Covid-19 symptoms. Any guests who exhibit Covid-19 symptoms during their charter will be required to take a rapid antigen test. Any positive results will require a Covid-19 RT-PCR swab test.
There are rules and requirements to follow when onshore. For example, wearing a face mask is mandatory in public places, except on the beaches. Additionally, social distancing is expected wherever possible in public areas. Finally, be aware that some of the individual islands have evening curfews.
It’s nice to know we can escape to the Bahamas during the holidays. Specifically, since so many restrictions are still in place in our hometowns. As they say, “It’s Better in the Bahamas.” Test it out! Everyone can enjoy a Bahamas yacht charter vacation IF we follow the guidelines listed above.
Jana Sheeder, President of 1-800 Yacht Charters
Jana Sheeder, President and Co-owner of 1-800 Yacht Charters says,
This has been an unsettling year for everyone. You owe it to yourself, friends, and loved ones to appreciate and enjoy the holidays. Relax and reflect upon all that we have, and do. Take time to smell the roses and to express gratitude. Show yourself some love and plan a well-earned vacation. Push away the stress,k and leave the fatigue behind. Welcome mindfulness and wellness. Make memories and celebrate another year of togetherness. Please stay safe, follow the rules, and take Covid-19 prevention seriously. Regardless, please have a WONDERFUL holiday. Love, Jana
This entry was posted in Yacht Charter Caribbean News Special Events Frequently Asked Questions Educational and tagged yacht charter Bahamas, Bahamas, Bahamas yacht charter, Jana Sheeder, president of 1-800 Yacht Charters, catamaran charter, Covid-19, wellness yacht charter, rules for covid, yacht charter rules during pandemic, what are covid requirements for yacht charter, covid-19 guidelines, travel to bahamas, travel during covid, pandemic fatigue, covid fatique, pandemic blues, covid education for yachting, covid education for yacht charters, covid travel restrictions, do children need covid testing, who is exempt from covid tests in the bahamas, covid nasal swab test, health visa information, how do i get a health visa for travel?, Covid blues, covid-19 blues, mindfulness
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The list of television shows canceled has been released by the networks. Are Below Deck Mediterranean and Below Deck Sailing Yacht on that list?
No one knows the exact reasons for the cancellation of particular shows. In specific, decreased viewership, lack of political correctness, unpopular storylines?
Per TV Insider, in no particular order, some shows did not fare well. For example, gone are ABC’s, The Baker and the Beauty, and CBS’s, Criminal Minds and God Friended Me. In addition, Cinemax’s Strike Back, The CW’s, Arrow, and Facebook Watch’s, Sorry for Your Loss. Further, Fox’s Almost Family, Freeform’s Party of 5, the History Channel’s, Vikings, and POP TV’s, Schitt’s Creek.
Good news, viewers. The Below Deck shows are not on the chopping block this season.
In conclusion, this year has been a series of challenges. For instance, the Coronavirus Pandemic, protests about police brutality and racism (think George Floyd and Breonna Taylor, etc), and decisions to wear or not to wear masks (and thoughts of political motivations behind health choices). In addition, the Australian bushfire, the deaths of Kobe Bryant plus 8 passengers in helicopter crash, flooding in Indonesia, the phases of the moon and planets, business closures, you name it.
Life is returning to normal. Yes, it is a “new normal,” but nonetheless, MORE normal than in the past few months. Yachtsmen and women are renting yachts and going on vacation again. SO WHY NOT JOIN THEM? Many ports and countries have reopened to travelers and yachts, so contact us for information as to which destinations you may now enjoy!
Which 2020 changes and activities have affected you the most? PLEASE COMMENT BELOW!
You and yours deserve The Superyacht Expeience™, as 1-800 Yacht Charters originated and provides. Contact us at https://www.1800yachtcharters.com/book-now-contact-us/ today!
#yachtcharter #belowdeck #thesuperyachtexperience
This entry was posted in Yacht Charter News Frequently Asked Questions Educational and tagged The Wellesley, Parsifal III, Kobe Bryant, Coronavirus, pandemic, Below Deck, Sirocco, Below Deck Mediterranean, Below Deck Sailing Yacht, masks, Below Deck sailing yacht Parsifal III, The Wellington, television show cancellations, Is Below Deck canceled?, Is Below Deck coming back?, Is Below Deck on hulu?, Is Below Deck on Netflix?, Australian bushfire, police brutality, racism, protests, flooding in Indonesia, business closures
Posted onMany luxury yacht charter guests arrive at their yachting destination via private air charter. Now, imagine showing up at your local FBO to board your plane. Consequently, only to find there is no crew or jet waiting for you. Sadly, fraudulent air charter scams are on the rise. Fortunately, there is now a free resource to help you avoid what could be a miserable start to your Superyacht Experience™.
The business aviation industry has just published a free online guide. Without a doubt, it helps protect travelers new to air charter. The General Aviation Dry Leasing Guide outlines the laws and regulations related to the leasing of private aircraft. Moreover, this guide keeps unsuspecting charterers from scams by illegal charter operators.
Ryan Waguespack is Senior Vice President. Specifically, of the National Air Transportation Association. Importantly, he addressed the problem in a recent interview with Robb Report. He said,
“As the holidays approach, travelers are turning to private aviation for its enhanced cleaning protocols and limited exposure to unknowns. It’s vital that these newcomers aren’t placing themselves or their assets at risk from illegal charter activity.”
Many of the scams seem to emanate from Europe. Scam artists create websites that advertise aircraft available for rent. Further, with legitimate tail numbers. Unfortunately, after the clients have paid, the websites disappear. Clients have no flight – and no money. Obviously, to make matters worse, there is no hope of a refund.
10 Reasons to Purchase Travel Insurance
Subsequently, similar scams are taking place here in the USA. Some charter operators are using aircraft with no FAA Part 135 certification. What is the certification? The FAA requires certification to demonstrate that the aircraft and the crew have met stringent safety standards. Furthermore, legitimate charter operators must have higher levels of insurance coverage. According to Waguespack. “Operators chartering aircraft illegally may have insurance policies that are not sufficient to cover commercial activities. In the event of an accident, passengers may find their own corporate and estate assets at risk.”
The guide is by trusted air industry associations. Specifically, the Aircraft Owners and Pilots Association (AOPA). In addition, the National Air Transportation Association (NATA). Obviously, both contributed to the guide.
To sum up, let our team help you navigate. In specific, the intricacies of selecting the right size and type of aircraft to whisk you to your yacht. Handling the little details before your luxury yacht charter is what we do best. Without a doubt, we take care of YOU. It’s how we Deliver The Superyacht Experience™ to our clients. Put our team to work for you! Call 305-720-7245, email info@1800yachtcharters.com, or contact us through our online information form at https://www.1800yachtcharters.com/book-now-contact-us/.
This entry was posted in News Frequently Asked Questions Educational and tagged Robb Report, the superyacht experience, travel insurance, air charter, beware, illegal air charters, air charters, air charter scams, charter scams, scams, National Air Transportation Association, FAA certification, FAA Part 135, The General Aviation Dry Leasing Guide, guide to avoid air scammers
Posted onFrom time to time, we like to take a light-hearted look at the world of yachting. Yacht names inspired by love is always a hoot. We still chuckle at the comments we get about our salmon skin blog [Yes, some luxury yacht charter vessels DO use salmon skin for upholstery. NO, it doesn’t smell fishy!!!].
Let’s have some fun and play a game about well-known NFL owners and their personal superyachts. For every correct answer give yourself 1 to 5 points, depending upon the degree of difficulty. At the end of the blog, we’ll tell you what you win based on your total points. Let’s get started!!!
Jerry Jones, Dallas Cowboys owner and his superyacht
This is a multiple choice question (3 points):
In January, 2020, presidential candidate Elizabeth Warren takes aim and calls out an NFL owner and his purchase of a superyacht. On Twitter she says,
“This billionaire NFL owner just paid $100M for a ‘superyacht’ with its own iMax theater. I’m pretty sure he can pay my new #UltraMillionaireTax to help the millions of yacht-less Americans struggling with student loan debt.”
Is the owner:
The answer is…
(scroll down)
True or False (2 points)
Arthur Blank the owner of the Atlanta Falcons built two tenders to shuttle passengers to and from his superyacht. True of False? Blank named the tenders, “Molly” and “Max,” the names of his parents?
The answer is…
(scroll down)
TRUE
Blank actually built three tenders for his superyacht. Here is his explanation as to the names he selected for his tenders:
“I personally, carefully chose the names of our three beautiful custom Compass tenders. ‘Soul Purpose’ reflects how being at sea stirs the soul to dream of peace and happiness and a higher purpose in life. The other two tenders, ‘Max’ and ‘Molly’ were named in honor of my parents, which is my way of revering their memory and keeping them forever close to me wherever I travel. They both loved the ocean. I am sure they would have gotten a kick out of knowing I lent their names to such worthy recipients.”
Match Game (4 points)
This game is fairly straightforward, but easy to get incorrect. Match the name of the yacht owner with the name of the yacht he owns:
Name of Owner Name of Yacht
Daniel Snyder Kismet
Shad Khan Bravo Eugenia
Arthur Blank DreAMBoat
Jerry Jones Lady S
The answer is…
(scroll down)
Daniel Snyder owns motor yacht LADY S
Shad Khan owns motor yacht KISMET
Arthur Blank owns motor yacht DreAMBoat
Jerry Jones owns motor yacht BRAVO EUGENIA
Now, let’s take a look at the NFL Owners Superyacht Club.
Did you answer all three questions correctly? If yes, you have 9 points and clearly know way too much trivial information about yachts and NFL yacht owners!!!! Just kidding! At 1-800 Yacht Charters, EVERYONE is a winner! Send an email to us at info@1800yachtcharters.com, and we’ll send you a Eco-Hero tote bag and a luxurious champagne-colored computer stylus pen. Thanks for playing!!!
In conclusion, it is time to plan your family or friends yacht charter. No time like the present to get started and plan for wonderful things in the future. Please contact us today at https://www.1800yachtcharters.com/book-now-contact-us/. We are standing by.
This entry was posted in Good Times News Educational and tagged Espen Oeino, kismet, Washington Redskins, Daniel Snyder, yacht owner, Lady S, Elizabeth Warren, NFL owners, Ultra Millionaire Tax, #ultramillionairetax, billionaire, yacht names inspired by love, Stephen Ross, Miami Dolphins, #miamidolphins, #washingtonredskins, Stan Kroenke, Los Angeles Rams, #losangelesrams, Patrick Bowlen, Denver Broncos, #denverbroncos, Arthur Blank, Atlanta Falcons, #atlantafalcons, Shad Khan, Bravo Eugenia, Dreamboat, Jerry Jones, Terrence Disdale, Molly the tender, Max the tender, IMAX theatre, 8k tv, Who are Molly and Max?
Posted onCOVID 19 update from 1-800 Yacht Charters. The Bahamas have again closed their borders to most USA travelers. The closure is in response to the spike in Covid-19 cases.
Fortunately, private yacht charter vacations are exempt. Accordingly, 1-800 Yacht Charters will continue to Deliver the Superyacht Experience™ to their clients.
Bahamian Prime Minister Hubert Minnis addressed the nation on Sunday. He announced the closing of all airports and seaports to tourists from the United States. The ban takes effect Wednesday, July 22, 2020.
Both private flights and private yachts are specifically exempt for the new ban.
In other words, our private yacht charter vessels and crews can still welcome-aboard guests in the Bahamas. The Superyacht Experience™ will continue. The yachts will provide guests with a platform for adventure and discovery. Every charter will reman an opportunity to reconnect with family, and embrace diverse cultures.
Private flights to the Bahamas are easy to arrange. The flight from Miami to Nassau is as short as 40 minutes. Our charter specialists will handle all logistics. from the time you leave your home, until you step aboard your yacht.
Obviously, certain Covid-19 protocols remain in place. Requirements include proof of a negative COVID-19 RT PCR test. The test must come from an accredited laboratory. It also must be taken within 10 days of arrival. In addition, an electronic health visa is a must. Applications may be submitted at http://www.travel.gov.bs. Helpful tip: applications can take up to 72 hours to process. Make sure to leave adequate lead time!
We stay on top of all Covid 19 update information. For a list of available yachts and “summer saver discounts,” call our team at 1-800 Yacht Charters at at 305-720-7245 for immediate response. We’d love to plan a yacht charter vacation for you like this one!
This entry was posted in Yacht Charter Caribbean Destinations News Educational and tagged the superyacht experience, Covid-19, Covid-19 pandemic, covid-19 update, Bahamas closes its borders, How to plan private flights?, Bahamian Prime Minister, airport closures, seaport closures
Posted onCOVID 19 update from 1-800 Yacht Charters. In specific, Italian tax authorities have postponed new laws designed to increase VAT on Italian yacht charter vacations. The postponement appears to be in response to the effect of Covid-19 on tourism.
Fortunately, private yacht charter vacations remain exempt from the tax increase until November. Accordingly, 1-800 Yacht Charters will continue to Deliver the Superyacht Experience™ to their clients at a lower-than-expected tax rate.
Tax increases were first announced in December 2019. The conversion of Law Decree n. 124/2019 (by Law n.157/2019) and the 2020 Italian Budget Law (Law n. 160/2019) enact new value-added tax (VAT) measures. The law set the VAT rate at 22% for Italian luxury yacht charter vacations. That law is postponed until November 1, 2020. The old rates will remain in place. VAT is set at 6.6% for yachts over 24 meters. VAT is set at 8.8% for yachts under 24 meters.
In other words, private yacht charter vessels and crews can still welcome-aboard guests in Italy at a favorable VAT rate below 10%. The Superyacht Experience™ will continue this summer. Tourism in Italy suffers from Covid-19 shortfalls. Italian authorities are hopeful favorable VAT rates will stimulate tourism. New (higher) VAT regulations will be in effect after November 1st, 2020.
Italian VAT applies to all charters embarking in Italy. Special limitations apply to yachts registered in Italy. Government fiscal agents require an appropriate amount of cruising to qualify for the reduced VAT. For example, at least one crossing from Corsica or Sardinia to mainland France or Italy qualify for the reduced rate.
Italian-flagged yachts are not subject to this limitation. Specifically, no long-distance crossing requirements exist.
In conclusion, certain Covid-19 protocols remain in place. Requirements include masks in public areas. In addition, no Covid-19 test requirement exists, although quarantine requirements may exist for some origins. For example, public transportation is operating, and restaurants are open.
Our team stays on top of all Covid-19 updated information. For instance, we provide a list of available yachts and “summer saver discounts.” Call our team at 1-800 Yacht Charters at 305-720-7245 for immediate response.
Important to note, travelers from the USA face possible travel restrictions to Italy. Don’t let this stop you. You can still enjoy The Superyacht Experience™. Stay safe, and remain closer to home this summer. We’d love to plan a yacht charter vacation for you like this one!
This entry was posted in Yacht Charter Destinations News Frequently Asked Questions Educational and tagged yacht charter France, yacht charter Italy, Italy yacht charter, yacht charter Sardinia, Corsica yacht charter, Covid-17, Italy Yacht Charter VAT, VAT increaase postponed, long-distance crossings, Italian VAT, Covid protocols, What is required of Italy yacht charter vessels during Covid-19 pandemic?, Covid-19 test, Italian-flagged yachts, summer saver discounts on yacht charter, Ouranos, superyacht Ouranos
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