- Yacht refitting involves reviewing and repairing vessels, including repair, fixing, restoration, renewal, and restructuring of hulls
- Yacht refitting can involve replacing old equipment, making modifications for sports competitions, customizing based on requests, installing modern components, and restoring wooden boats
- Winter is the best time for refitting to enjoy the boat in summer
- Recent circular from Customs Agency simplifies tax and customs procedures for maintenance and refit works on non-EU pleasure yachts in Italy
- Circular allows for exemption from sureties and VAT imposition, reduction in customs guarantees for authorized shipyards, and AEO status for active improvement works
- Circular also clarifies that maintenance works under temporary admission do not trigger customs warranty obligation, as long as yacht structure remains unchanged.
Source: arnonesicomo.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
