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New VAT and customs procedure for tenders

New VAT and customs procedure for tenders

SYI Summary: Procedures differ depending on if the vessel is owned by an individual (natural person) or a legal person. For an individual (natural person), the value of the tender needs to be determined first. That value will be used

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EU commission targets superyacht tax breaks in Italy

EU commission targets superyacht tax breaks in Italy

The European Commission took aim at the superyacht industry in Italy on Thursday, bolstering the EU’s efforts to combat tax avoidance in the wake of the ‘Paradise Papers’. The Commission sent a letter of formal notice to Italy for not levying the

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