After introducing different VAT applications in Europe, in 2012 SOS Yachting was launched as a direct response to meet increased demands of the yachting industry to be in line with tax policies in different European countries.
The Commission this July 25, 2019 has decided as part of the “July Infringement package“ to take further steps on the infringement proceedings opened on November 8th, 2018 regarding certain Italian fiscal rules related to the Yachting sector.
The Italian Inland Revenue office (Agenzia delle Entrate) with Circular no. 14 / E of June 17th 2019 confirms that the foreign subjects identified for VAT purposes in Italy through a VAT Representative or by Direct Registration are NOT required to be subject to electronic invoicing.
On May 27th, 2019 the General Directorate of Merchant Marine signed Service Instruction number 7/2019 allowing commercial 'passenger yachts’ (able to accommodate more than 12 guests) be used in Spain for recreational purposes, such as charter activity.
SOS Yachting is pleased to participate and give its support to the international non-for profit organization Young Professionals in Yachting (YPY) dedicated to members under 40 working within the yachting industry for their inaugural event in Split, Croatia between 27th - 30th of June.
From long, the Spanish National Yachting Association (ANEN) have been complaining on the abundant criteria disparities among the different harbor master offices in order to issue their clearance (misnamed ‘charter license’) for yachts to authorized for charter in Spain, especially foreign flagged yachts.
The Italian Customs Authority recently confirmed the procedures relate to art. no. 212 of the Delegated EU Regulation n.2446/2015 (RD) referring to the "Conditions for guaranteeing the total exemption from duties of the importation of means of transport".
Our Spanish tax advisor, Miguel Ángel Serra, partner at Albors Galiano Portales and legal and tax advisor to the Spanish Association of Nautical Companies (ANEN), announce last March 14, 2019 in the VII ANEN National Congress held in Palma, the intention of ANEN, together with the Spanish Large Yachts Association (AEGY), to file a complaint before the European Commission in relation to the Spanish matriculation tax.