COVID 19 update from 1-800 Yacht Charters. In specific, Italian tax authorities have postponed new laws designed to increase VAT on Italian yacht charter vacations. The postponement appears to be in response to the effect of Covid-19 on tourism.
Fortunately, private yacht charter vacations remain exempt from the tax increase until November. Accordingly, 1-800 Yacht Charters will continue to Deliver the Superyacht Experience™ to their clients at a lower-than-expected tax rate.
Tax increases were first announced in December 2019. The conversion of Law Decree n. 124/2019 (by Law n.157/2019) and the 2020 Italian Budget Law (Law n. 160/2019) enact new value-added tax (VAT) measures. The law set the VAT rate at 22% for Italian luxury yacht charter vacations. That law is postponed until November 1, 2020. The old rates will remain in place. VAT is set at 6.6% for yachts over 24 meters. VAT is set at 8.8% for yachts under 24 meters.
In other words, private yacht charter vessels and crews can still welcome-aboard guests in Italy at a favorable VAT rate below 10%. The Superyacht Experience™ will continue this summer. Tourism in Italy suffers from Covid-19 shortfalls. Italian authorities are hopeful favorable VAT rates will stimulate tourism. New (higher) VAT regulations will be in effect after November 1st, 2020.
Italian VAT applies to all charters embarking in Italy. Special limitations apply to yachts registered in Italy. Government fiscal agents require an appropriate amount of cruising to qualify for the reduced VAT. For example, at least one crossing from Corsica or Sardinia to mainland France or Italy qualify for the reduced rate.
Italian-flagged yachts are not subject to this limitation. Specifically, no long-distance crossing requirements exist.
In conclusion, certain Covid-19 protocols remain in place. Requirements include masks in public areas. In addition, no Covid-19 test requirement exists, although quarantine requirements may exist for some origins. For example, public transportation is operating, and restaurants are open.
Our team stays on top of all Covid-19 updated information. For instance, we provide a list of available yachts and “summer saver discounts.” Call our team at 1-800 Yacht Charters at 305-720-7245 for immediate response.
Important to note, travelers from the USA face possible travel restrictions to Italy. Don’t let this stop you. You can still enjoy The Superyacht Experience™. Stay safe, and remain closer to home this summer. We’d love to plan a yacht charter vacation for you like this one!
This entry was posted in Yacht Charter Destinations News Frequently Asked Questions Educational and tagged VAT increaase postponed, long-distance crossings, Italian VAT, Covid protocols, Corsica yacht charter, What is required of Italy yacht charter vessels during Covid-19 pandemic?, yacht charter France, Covid-19 test, Italian-flagged yachts, summer saver discounts on yacht charter, yacht charter Italy, Ouranos, Italy yacht charter, Covid-17, superyacht Ouranos, yacht charter Sardinia, Italy Yacht Charter VAT
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We’re ready to put a summer discount of €30,000 in your pocket. What do you have to do? Just go yachting!
The owner of motor yacht IRISHA slashed the weekly charter rate for a great deal. Save €30,000 right now. Her rate was €280,000 per week. Now the rate is €250,000 per week.
This is a temporary discount – so please hurry!
The 2018 superyacht is 51 meters. Heesen yachts in Holland built the vessel. She accommodates 10 guests in 5 staterooms.
First, the VIP stateroom converts into a full-beam suite. Second, the “Winter Garden” is an exterior space with interior weather. It can be heated or cooled. Third, the main dining table converts to seat 22 guests. This is perfect for entertaining during Special Events.
Another awesome favorite feature is her large sundeck bar with a TV screen.
The home port for yacht IRISHA is Portisco, Sardinia. The yacht is licensed as a “Pleasure vessel.” She cruises under the “YET” Scheme (Yacht Engaged in Trade). YET means charters must start in French waters. The yacht may cruise and end in French or Italian waters. There are no delivery fees if the charter starts in Bonifacio or Porto Vecchio.
The Principal Charterer must be a non-EU resident. He or she can be an EU national. A non-EU address is required on the charter contract. Furthermore, Monaco is fiscally counted as part of the EU. Thus, the Principal Charterer cannot be a Monaco resident.
In summary, your charter must start in French waters. Additionally, you can start in Monaco or Corsica. Thereafter, you can cruise and disembark in Italian waters. Finally, the Principal Charterer must be a non-EU resident.
Active families loves luxury yacht charter vacations. Are you ready to get wet and wild?
There are many toys onboard. For example, have fun racing on the stand-up jet ski, or 3-person waverunner. After that, get towed behind the 6.77m Ribeye RIB. Additional toys include a wakeboard, inflatable ring, and waterskis.
For more information on this superyacht with a summer discount, click https://1800yachtcharters.com/explore-our-yachts/irisha/
To book your charter and save €30,000, CLICK https://1800yachtcharters.com/explore-our-yachts/irisha/book-now/ right now. No obligation. Let’s get the ball rolling! Leave Covid-19 and Quarantine in your wake! Make NEW memories!
This entry was posted in Special Offers Yacht of the Week Frequently Asked Questions Yacht Charter Destinations and tagged Irisha yacht charter, superyacht Irisha, waverunner, how do i learn more, Ribeye RIB, motoryacht charter, Corsica yacht charter, Monaco, non-EU resident, special rate, great deal, how to book a yacht charter], yachts with specials, yacht charter special
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