VAT due on Charters in Italy 
- Tax laws become clear

According to Hein Velema, CEO of Fraser Yachts :
“The government of Italy has decided to implement VAT on charters. By using a combination of rules the general VAT rate will normally be around 6.3% on charter yachts over 24m, but this is worked out on a case by case basis depending on boat usage.
“The VAT is due if a yacht charter starts in Italy.

 It is important to note that to be able to pay the VAT in Italy a yacht owner has to register for VAT in Italy directly or through a local VAT representative. 
“The good news is that there is finally clarity around VAT in Italy and the VAT rate is at a reasonable level that should not discourage most charterers.”