Bleeds On
Well-known member
- Joined
- Jun 25, 2010
- Posts
- 160
Anyone else see this? I'd like to know who thought this was a good idea...
Italy Private Aircraft Tax Update
In December, Italy’s emergency budget introduced a tax on Italian registered private aircraft and on non Italian registered private aircraft that spent more than 48 consecutive hours on Italian territory.
Private aircraft are defined to include all aircraft other than State aircraft, aircraft dedicated to commercial flights, air work aircraft, FTO’s aircraft, aero clubs aircraft, newly built aircraft until sold and rescue aircraft. Non Italian corporate aircraft operated privately would – for example – be affected, with the tax escalating to over euro 300,000 annually for large corporate jets. The tax is to be charged at the following annual rates (by reference to MTOW): 1) up to 1.000 kg., euro 1,50 per kg; 2) up to 2.000 kg., euro 2,45 per kg; 3) up to 4.000 kg., euro 4,25 per kg; 4) up to 6.000 kg., euro 5,75 per kg; 5) up to 8.000 kg., euro 6,65 per kg; 6) up to 10.000 kg., euro 7,10 per kg; 7) above 10.000 kg., euro 7,55 per kg; For helicopters, the tax is doubled per Kg. The tax is due by the registered owner, the beneficiary or the lessee.
At things stand, the legislation cannot come into effect before March 1st at the absolute earliest. However, the probability of this actually coming into effect remain significantly slim. To begin with, the proposed law will be subject to many judicial challenges nationally and at EU level.
Italy Private Aircraft Tax Update
In December, Italy’s emergency budget introduced a tax on Italian registered private aircraft and on non Italian registered private aircraft that spent more than 48 consecutive hours on Italian territory.
Private aircraft are defined to include all aircraft other than State aircraft, aircraft dedicated to commercial flights, air work aircraft, FTO’s aircraft, aero clubs aircraft, newly built aircraft until sold and rescue aircraft. Non Italian corporate aircraft operated privately would – for example – be affected, with the tax escalating to over euro 300,000 annually for large corporate jets. The tax is to be charged at the following annual rates (by reference to MTOW): 1) up to 1.000 kg., euro 1,50 per kg; 2) up to 2.000 kg., euro 2,45 per kg; 3) up to 4.000 kg., euro 4,25 per kg; 4) up to 6.000 kg., euro 5,75 per kg; 5) up to 8.000 kg., euro 6,65 per kg; 6) up to 10.000 kg., euro 7,10 per kg; 7) above 10.000 kg., euro 7,55 per kg; For helicopters, the tax is doubled per Kg. The tax is due by the registered owner, the beneficiary or the lessee.
At things stand, the legislation cannot come into effect before March 1st at the absolute earliest. However, the probability of this actually coming into effect remain significantly slim. To begin with, the proposed law will be subject to many judicial challenges nationally and at EU level.
