26 September 2016

24 Jul 2014

More mixed messages from Italy


Italian nautical industry body, UCINA has announced that the rate of VAT payable at marina resorts in the regions of Friuli Venezia Giulia, Emilia Romagna and Liguria is to be reduced from 22 per cent to 10 per cent, in line with the benefits already afforded to ‘hospitality businesses’. 

The announcement follows a prolonged lobbying period on the part of UCINA, whose National Nautical Observatory commissioned a study that concluded tax revenue from the potential boost to traffic would be six times greater than the revenue lost because of the rate reduction.

According to a UCINA statement, ‘the new regulations will probably be applied as early as August in the central Adriatic coast [and] a bill regarding this subject has been presented to the Chamber of Deputies. The future law will provide official acknowledgment of these resorts throughout Italy.’

Commenting on the news, UCINA’s president, Massimo Perotti said: “I am pleased that UCINA's commitment to support boat tourism in Italy has produced another important result to the benefit of the boat industry and tourism on a national level. Making stopovers more convenient in Italian marinas means a greater number of boats using related facilities…can enjoy the wonders of Italy's coasts at competitive prices in the Mediterranean.”

Marina Loano is set along the 'Italian Riviera' of Liguria.

SuperyachtNews.com spoke to Alex Mazzoni of fiscal advisory service, SOS Yachting about how the revised rate would be applied in practice. But Mazzoni said that, as yet, it had not been passed into law. “The local regulations refer to EU regulations which would put a marina in the same VAT bracket as a camper or caravan area - i.e. subject to 11 per cent (sic.) instead of 22 per cent - if a marina takes on a new name and calls itself a ‘Marina Resort’.” However, Mazzoni said this legislation was still being debated, and as far as he was concerned, the VAT rate will remain at 22 per cent until the industry is told otherwise.

He added he was yet to be totally convinced of the validity of the mechanism, and that it would have to be the subject of further scrutiny as the summer season progresses. “It’s all very Italian and a bit shaky”, he said. “We are in the process of checking laws and whether the local authorities can actually change VAT rates on a local level, [as well as] any other caveats.”

Profile links


SOS Yachting


Add a comment

1800 character limit

Having problems? Let us know editor@superyachtnews.com

Other Business News

The Superyacht Owner's VIP Lounge Returns to Virage

After an extraordinary turn of events the Superyacht Owner’s VIP lounge returns to its traditional home. Make sure your name is on the guest list More

Inspiration or just PR?

As concepts arrive on our desk in the run up to Monaco, we look at the line between inspiration and PR More

Eight superyacht losses in 2016

Thus far 2016 has seen eight serious incidents that have resulted in the loss of superyachts, nearly five more than the average numbers of yacht fires between 2010 and 2015.  More

When one yacht crew receives €60,000 of prizes...

We delivered €60,000 of prizes to the crew of motoryacht Secret, the winner of The Crew Report's Superyacht Golden Ticket survey. More

business News Archive

Most Recent Comments

  1. SY Kaori comes to the aid of a yacht in distress More
  2. Bureaucracy hits superyachts cruising Italy More
  3. Back to basics More
  4. Cannes increases security as Balearics increase business More
  5. Brokers - Sailors or salesmen...? More
SuperyachtNews app available now. Click here to download.
The Superyacht Intelligence Annual Report is out now. Subscribe today and access your digital copy instantly. Subscribe now.


Get regular updates from SuperyachtNews with our weekly Email Newsletter.



Latest Premium Listings

Cummins Inc.

Cummins Inc.

Nlightened Software Ltd

Nlightened Software Ltd

Cogs 4 Cancer

Cogs 4 Cancer

Zytexx International Ltd

Zytexx International Ltd

Melita Marine Group

Melita Marine Group

Raytheon Anschuetz

Raytheon Anschuetz

Kahlenberg Industries, Inc.

Kahlenberg Industries, Inc.

Directory. Add your logo here with a premium listing.

Featured Listings

Tenders & Toys

Superyacht Tenders & Toys
Superyacht Tenders & Toys have a high level of expertise in providing new build and custom tenders, chase boats, RIBs & all popular yacht toys. With an unrivalled global service network, maintaining a personal & bespoke service, wherever you are in the world, Superyacht Tenders & Toys can help.

Paint & Protection

WREDE Consulting is an independent paint consultant and paint surveyor company who has worked for most of the 200 largest yachts worldwide in coating, paintwork and equipment areas. WREDE Consulting engages in quality management and objective quality assessment for the coating of mega- and superyachts. www.wrede-consulting.com

Navigation, Satellite Communication, Security

Raytheon Anschuetz
Integrated Navigation Systems based on state-of-the-art technology and decades of experience in the superyacht industry. Ultimate knowledge and flexibility in system integration. Dedicated customer care throughout the whole project and beyond.

Engine Room, HVAC & Refrigeration

ASEA POWER SYSTEMS is the Marine Industry Leader for Shore Power Conversion equipment ranging in power from 8kVA - 1000kVa.

Electrics, Environmental Solutions, Propellers & Propulsion, Software, Training

ABB Marine and Ports
ABB is a leading supplier of electrical power and propulsion systems for ships. We provide innovative, safe and environmentally-friendly solutions and qualified services worldwide. Our Azipod® propulsion has proven its efficiency and reliability on yacht vessels with its ultimate silent and ecological solution.

Water Treatment & Watermakers

Jets Vacuum AS
Jets Vacuum has for over 30 years been the leading innovator in vacuum sanitation technology. With over 11,000 Jets systems in operation on all types of ships, Jets are known for high quality, flexible cost efficient solutions backed up by first class world wide service

Shore Power Convertors

Atlas Marine Systems, the world leader in the design of marine electrical power systems, offers a full range of engineering services necessary to define the onboard electrical distribution system or simply the application of the Atlas power conversion products.

Satellite Communication

Marlink AS
Marlink offers seasonal, flexible contracts to match regional sailing requirements. Through our dedicated account managers & customer services, we develop personal relationships with customers & drive innovations to develop digital solutions & smart applications that take you beyond just connectivity.

Add your company listing here

Add a featured listing here and your advert will appear on every page of SuperyachtNews.com, SuperyachtIndex.com, TheSuperyachtReport.com and TheCrewReport.com.

Add my company listing