With the Italians prefecture 172/2003, (L172/2003) was an attempt by the Italian government to stimulate domestic and international market yachts oversized and attract new vessels
With the Italians prefecture 172/2003, (L172/2003) was an attempt by the Italian government to stimulate domestic and international market yachts oversized and attract new vessels in Italiki Flag. More particularly, a special exemption for the purchase and maintenance of large vessels (over 24m) as follows:
- It concerns boats over 24m and gross tonnage (KOX) of less than 1,000 tons, can carry more than 12 passengers.
- He may be newly or already registered as a professional (charter yachts) either motor or sailing but should have constructed or converted in accordance with international conventions security voyages SOLAS (1974) MARPOL (1973) while there are references and safety rules MCA .
All this must be evidenced by a certificate of measurement accepted by Italiki Flag while these vessels no obligation appointment at least a three-member crew.
The vessels which fulfill the above conditions are treated based of the Law 172/2003 on commercial vessels having for this reason large tax breaks-breaks.
Full exemption from bibliography in the purchase and sale of the vessel as and basic supplies for the operation and exploitation thereof.
Discharge bibliography and any other tax on fuel purchases
Xamili tax for the shipping company is only 6.8%.
- Equally stated that the ministry can then transport the request of the owner to allow exemptions from existing safety devices if the shipowner convince the authorities about the appropriate level of security board.
- Finally established by that law exemptions from the payment of contributions and / or other taxes on Social Security - crew salaries.
Epicheirontas a comparison between the above-described Italian and Greek legislation booroume efkolka conclude that the Greek excels distinctly of Italian both in terms of the conditions under which exculpatory provisions (length more than 10m, no obligation crew to 20m., Absence of restrictions on the capacity) and the tax breaks known as the Greek yacht management company enjoys full immunity from taxation unlike the Italian, which simply taxed at a lower rate while the bibliography for fares which obliged the Greek (4.5%) is less than the tax rate of the corresponding Italian.