Please select your home edition
Edition
Savvy Navvy 2024

Roll-back of boat tax good news for non-Italian boat owners

by Lee Mylchreest on 16 Aug 2013
The Topaz Argo sails Italy’s beautiful Lake Garda Sirena Voile
Good news for non-Italian boat owners, who fled Italy in droves when the Italian Government (the previous one) put a tax on new boats.

The tax will longer be applicable to yacht owners who are not Italian residents, and the new measures are part of a range of measures meant to reinvigorate the Italian economy.

On the sixth of December 2011 the then newly appointed Italian government issued a legislative decree (No.201) proposing new tax revenues from luxury assets.

This came as part of a series of well documented austerity measures aimed at improving Italy’s bleak economic outlook and was subsequently signed into law on the 22nd of December 2011 (No. 214) having been approved by the Italian parliament and senate.

Italian yachting associations roundly condemned the legislation underlining that due to competition the tax would simply result in driving yachts away, thus damaging - not helping - the Italian economy.

After an intense period of lobbying, an amendment put forward to the government in an attempt to remodel the tax into one based on Italian ownership has just been accepted and signed.

The tax as amended will only be applicable to private yachts that are owned by any subject with a permanent establishment or residency in Italy.

Yachts will be subject to an annual tax payable within the first of May each year, as follows:

vessels between 10,01 and 12 metres 800 Euros
vessels between 12,01 and 14 metres 1,160 Euros
vessels between 14,01 and 17 metres 1,740 Euros
vessels between 17,01 and 24 metres 2,600 Euros
vessels between 24,01 and 34 metres 4,400 Euros
vessels between 34,01 and 44 metres 7,800 Euros
vessels between 44,01 and 54 metres 12,500 Euros
vessels between 54,01 and 64 metres 16,000 Euros
vessels over 64,01 metres 25,000 Euros

(The above measurements are intended as overall length in accordance with EN/ISO/DIS 8666 Small Craft Principal Data.)
Hyde Sails 2024 - One DesignArmstrong 728x90 - MA Foil Range - BOTTOMRooster SB1 Inshore Range

Related Articles

Nicolas Lunven covers 546.60nm in 24 hours
Record for longest solo distance set today during the Vendée Globe The skipper of Holcim-PRB is off to an incredible start of his first Vendée Globe as he just broke the 24h speed record. On the second day of the race, Nicolas opted for a more westerly route than the fleet.
Posted today at 12:15 pm
Vendée Globe Day 4 Morning Video Update
Yoann Richomme on Paprec Arkea has taken the lead A fascinating situation in the Vendée Globe as the fleet cross the latitude of Gibraltar and head towards the island of Madeira.
Posted today at 7:24 am
Kevin Wadham, multi class sailing star
The skipper of the Lysaght Colorbond team only competed for three seasons The period from the early 1970s to the mid-1980s was one of the greatest, probably the greatest, periods of racing in the 132-year history of 18 footer racing in Australia and New Zealand, and produced some of the greatest competitors and designers.
Posted today at 6:10 am
SailGP: Ciao to Langford and G'day to Draper
Brit replaces Aussie legend as the head hunting continues between the SailGP teams The headhunting continues to redistribute SailGP crew just two weeks out from the start of Season 5 - which will start with 11 teams in Dubai and then grow to the full complement of 12 teams for the second in Auckland in mid-January.
Posted today at 12:30 am
Who is in form for the Etchells Worlds?
An impressive recent slew of results for the Magpie team Graeme "G.T." Taylor has done it again, winning the Etchells National Championship on AUS1486 Magpie, with the return of Ben "Lamby" Lamb to his crew alongside long-time crewmate James "Jimmy" Mayo.
Posted on 12 Nov
Vendée Globe Day 3: Sam Goodchild steals lead
As the leaders of the 40 boat fleet descend south down the Iberian peninsula Britain's Sam Goodchild (VULNERABLE) has taken the lead in the Vendée Globe solo race around the world as the leaders of the 40 boat fleet descend south down the Iberian peninsula.
Posted on 12 Nov
Sam Goodchild has almost surprised himself
By leading the Vendée Globe after two days at sea Two days into his first Vendée Globe solo round-the-world race, the British skipper Sam Goodchild is leading the record-setting 40-strong fleet, but says he's trying to keep it simple and is almost surprised to be at the front.
Posted on 12 Nov
Pondering the caffeine habits of the Vendee fleet
David Schmidt admits he's a stone-cold coffee addict As my burr grinder reduced my dark-roast Sumatra beans to the right grind, I couldn't help but consider that the 40 skippers who just began the Vendee Globe race won't have this luxury (or many, many others) for months.
Posted on 12 Nov
Leadership in Women's Sailing Award Nominations
Recognizing achievement in inspiring, educating and enriching the lives of women through sailing The National Women's Sailing Association (NWSA) and Boat Owners Association of The United States (BoatUS) have opened nominations for the 2025 BoatUS/NWSA Leadership in Women's Sailing Award.
Posted on 12 Nov
Giorgio Armani Superyacht Regatta 2025 Preview
To be held in May at Yacht Club Costa Smeralda Giorgio Armani Superyacht Regatta, an event organised by the YCCS in partnership with title sponsor Giorgio Armani, will be held in May 2025, moving the event that opens the superyacht racing season in the Mediterranean forward to the final week of May.
Posted on 12 Nov