Some examples of VAT application

Some examples of VAT application:


1. Motor Yacht (M/Y) with a length of 65 meters. Charter Fees: 200.000,00 euros.
VAT to be paid in Italy = 13.200,00 euros (VAT at 6.6% rate = 22% on 30% of Charter Fees)

2. Sailing Yacht (S/Y) with a length of 40 meters. Charter Fees: 120.000,00 euros.
VAT to be paid in Italy = 7.920,00 euros (VAT at 6.6% rate = 22% on 30% of Charter Fees)

3. Motor Yacht (M/Y) with a length of 23 meters. Charter Fees: 40.000,00 euros.
VAT to be paid in Italy = 3.520,00 euros (VAT at 8.8% rate = 22% on 40% of Charter Fees)