Italy’s Yacht Berthing Tax – The Devil is in the Details

As more details are released so the intent and full scope of the Italian Berthing Tax is better understood.  Article 16.4 of the proposed regulation states that the tax does not apply to vessels referred to in paragraph 2 that are in an area of storage (meaning on the hard).
Experts in the refit business such as Lusben’s Marco Nuovohave been quick to point out that this means yachts in dry dock will not pay the tax instead of receiving a 50% discount as was originally thought.