26 Apr 2012
Sardinian government to refund millions in yacht tax
A six-year legal wrangle with the Sardinian authorities for refunds of taxes paid under the now defunct Sardinian tax law has ended in victory for the payees.
Sardinia Yacht Services (SYS) has lobbied the Sardinian regional government and taken the case to the European Court of Justice to secure refunds on one year's worth of tax paid.
The agreement will win taxpayers refunds on any tax paid from 2007 until 2008, one of the three years of the inflated tax which started in 2006 and ended in 2009. The amount represents approximately €3 million worth of repayments, confirmed Renato Azara, director at SYS.
“It was not easy – the government were trying to keep the money and not refund.”
“To manage the refund will also not be easy – we have to prepare all the paperwork and it’s going to be very hard work for us,” said Azara.
The tax forced yachts to pay up to €15,000 for visiting a Sardinian port, up to 50 times higher than those of equivalent yachting destinations such as Croatia and Greece. As such they wreaked havoc on the Sardinian superyacht industry with the Sardinian Port Consortium, Il Consorzio Rete dei Porti Sardegna estimating a decline of 50 per cent in yachts in Sardinian ports over the three years of its reign.
Yachts docked in Sardinia's Porto Cervo Harbour on the Costa Smeralda Coast, Credit Corbis
Winning back the tax payments has been a long and hardly fought battle. Firstly, the tax law, Regional Law N.4/2006, had to be annulled by the European Court of Justice, which declared it prejudicial to articles 49 and 87 of the EU Treaty. Then SYS had to seek the reimbursement by securing a provision to the financial law, which has now been finally approved.
The terms of the agreement are that the regional government has agreed that reimbursement for 2007 (starting from the 22 June 2007) until 2008 will be granted providing that a document of request of repayment will be sent to them by 12 September 2012.
SYS, which was held legally responsible for gathering the tax in the first place, has now been appointed by the government to win it back for its clients.
Renato Azara, director at SYS
A letter has been sent out to all the company’s clients informing them of the procedures to get refunds. Those who paid directly to the Sardinian Region should contact SYS for assistance.
The Sardinian tax was introduced in 2006 by the country’s centre-left governor, Renato Soru. His successor Ugo Cappellacci, repealed it as one of his first acts of office in 2009.
Sardinia Yacht Services Profile | Sardinia Yacht Services Website
Add a comment
Other Business News
Ships of the future will be made with steel alternatives and remote controlled by captains on land, said speakers at a recent Lloyd’s List Summit. Although at present a "fiction" for superyachts, some believe remote control, at least, could be s More
The Spanish marina will be upping its voltage capacity more than five times over with power boosted from 400 to 6,600 volts. More
Yacht Path has filed its consent to a trustee, who is expected to scrutinise past and present operations at Yacht Path and recoup payment for creditors. Over US$ 7 million in claims has so far been lodged by creditors for transport services not rendered o More
The private aviation market in China is enjoying something of a purple patch, which in part can be attributed to the functional purpose jets serve. Superyachts, by contrast, are a nascent phenomenon and their growing appeal in the country may lie in marry More
- Loher facing insolvency if no buyer is found
- Superyachts in private aviation's Chinese slipstream
- 'Triton' sold at auction for US$11 million
- Jamaica superyacht flag gives competition a run for its money
- The social media revolution starts @Superyacht
- “Company goes free” critique on Costa could be levelled at superyacht sector
Superyacht Intelligence Data
Most Recent Comments
- “Company goes free” critique on Costa could be levelled at superyacht sector More
- Jamaica superyacht flag gives competition a run for its money More
- Michael Payne appointed CEO of Camper & Nicholsons International More
- FMC issues warning on yacht transport More
- Creditors demand investigation into 'sordid history' of yacht transport company More
ASEA POWER SYSTEMS
ASEA POWER SYSTEMS is the Marine Industry Leader for Shore Power Conversion equipment ranging in power from 8kVA - 1000kVa.
Bond TM is an independent consultancy company for AV, IT, communication, navigation and security systems. We manage new builds and refits projects for the most advanced super yachts and provide to the industry the best 24/7 IT support.
Nautic Crew International, Inc.
Nautic Crew Intl is a Crew placement company started by yachting professionals that truly care about your future crew because we understand the dynamics of life onboard. When it comes to hiring new crew or looking for a position, Experience the Difference!!
Reckmann Yacht Equipment GmbH
Reckmann Yacht Equipment GmbH is a specialist company for reefing systems, masts and hydraulics and will celebrate the 120th anniversary in 2012. Today, the company is one of the leading producers and traders of headsail reefing equipment and is a synonym for quality, continuity and innovation.
For 40 years Pantaenius has been providing yacht insurance to yacht owners all over the world.
Helkama Bica Oy
Helkama is specializing in development and production of marine and offshore cables. Our experience in this field goes back more than thirty years. We produce only halogen free cables and the cable range include both flame-retardant and fire resistant cables. Helkama marine cables are approved by all major classification societies.