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New Tax on Luxury Charteryachts in Italy

Aerial photograph of a big white boat at anchor in Amalfi. There are colorful homes dotting the mountainside in the background. The yacht is pointing toward the right side of the picture.

Superyacht in Amalfi

ITALIAN TAX

A new Italian yacht tax will assess a fee for each day a yacht is in service in Italian waters.

Signed into law on December 22, 2011, the new tax will go into effect on May 1, 2012.

 

DECREE STATES

The new tax as outlined in the decree is as follows:

  • 5 Euro per day for vessels from 10.01 to 12 meters
  • 8 Euro per day for vessels from 12.01 to 14 meters
  • 10 Euro per day for vessels from 14.01 to 17 meters
  • 30 Euro per day for vessels from 17.01 to 24 meters
  • 90 Euro per day for vessels from 24.01 to 34 meters
  • 207 Euro per day for vessels from 34.01 to 44 meters
  • 372 Euro per day for vessels from 44.01 to 54 meters
  • 521 Euro per day for vessels from 54.1 to 64 meters
  • 703 Euro per day for vessels over 64 meters   

 

EXCEPTIONS

The new law lists several exceptions.

First, vessels in dry dock or hauled out of the water – exempt from the daily fee

Second, for vessels older than 5, 10 or 15 years, the tax reduces by 15%, 30% and 45%, respectively

Third, all fees for sailing yachts – reduced by 50%

 

Photograph of yacht, Arkley, underway. It is headed toward the upper left side of the photo. There are dark colored mountains in the background.

Superyacht ARKLEY

 

EXAMPLE

Thus, if you reserve the 60 meter Lursen yacht charter motor yacht ARKLEY for a week, you will incur a fee of € 3,647.  Conversely, if you select a sail yacht for your holiday, such as 57 meter Royal Huisman’s sailing yacht TWIZZLE, you’ll pay  € 1,824.

 

COMPANY PRESIDENT COMMENTS

Yacht charter maven Jana Sheeder believes a review of the new law is needed before it goes into effect.

“We fully support the efforts of the Italian government to bolster their sagging economy,” says Sheeder.  “What we have not seen, however, is a detailed analysis of the economic impact that the new tax will have on the Mediterranean yacht charter industry, and the impact on ancillary industries which support yachting such as marinas, fuel brokers, repair specialists, provisioning companies, and travel and tourism offices.”

 

HOW TO BOOK A YACHT CHARTER

Learn how to reduce or eliminate taxes associated with yachting vacations.  Contact 1-800 Yacht Charters at https://www.1800yachtcharters.com/book-now-contact-us/ today.

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About admin

Ms. Jana Sheeder is President of 1-800 Yacht Charters. Providing The Superyacht Experience(tm) since 1976. Private luxury yacht charter vacations in the Mediterranean, Caribbean, Bahamas, South Pacific, South Florida, Miami and The Florida Keys, Italian Rivera, Belize. Megayacht charter company focused on generosity, Pay It Forward, Random Acts of Kindness, Giftivism, giving back to the ocean, to the needy, and the environment with every superyachting charter. Providing eco-friendly alternatives while on yacht charters and known for 6-star customer service, experience, and generosity.

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