Assilea, Italy’s leasing association, and UCINA, which
represents the country’s marine industry, have jointly presented a
new handbook to explain the changes in marine leasing after a
documentation issued by the local tax authorities in the
summer.
The document, which clarifies a number of issues concerning VAT
and boat sizes, is expected to end uncertainties which had
contributed to the massive drop in marine leasing, down by 52.7
percent in the first eight months of 2009 compared to the same
period last year.
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Assilea’s president Rosario Corso said: “Reaffirming a clear
legal framework was first of all important for lessees, but
essential for leasing companies and shipyards which are active in
this market.”
He said that the “long but profitable” negotiation with tax
authorities has finally removed the “lack of trust” within the
sector, which had been increased by the financial turmoil.
A full report on the latest developments of Italy’s yacht
leasing market will appear in the next issue of Leasing Life
(October issue).
Antonio Fabrizio
