After the approval of the Senato della Repubblica, the House of Representatives voted the "Decreto Liberalizzazioni" which includes the Grillo and Cutrufo amendment for yachting. This amendment stipulates that the berthing tax will only be applied to Italian citizens who possess a vessel (regardless of whether it is kept in Italy, or overseas) even if it has a foreign flag. Foreign citizens who own a vessel are exempt from this tax, regardless of their length of stay in Italian waters.
Fulvio Luise, President of Federagenti Yacht, already expressed his satisfaction "The legislative process is completed and the final passing of this amendment is an important recognition to the economic impact the yachting industry has in Italy”.
"We look forward to welcoming new and returning mega yacht clients to Italian waters this summer. Since first days of March, after Senate pronunciation, we noticed a trend inversion of Big International Charter Operators who were including again Italy among their destinations. Now, after this final approval, Italian Costs confirm themselves as one of the best destinations in the Mediterranean".
"Moreover, we as Federagenti obtained an important recognition for Maritime agents and will work in close collaboration with local Marine Authorities to ensure that regulations are applied and executed correctly. Federagenti will also cooperate with the National Authorities (National Tax Office) in order to define "Law implementation rules" to be issued before May 1st”.
SuperYacht Times - The State of Yachting 2020
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