Italian Nautical Leasing

  • Contract tipology: financial lease with final purchasing option
  • Term: from 4 up to 15 years
  • Advance payment: from 20% to 40%
  • Final option purchase: from 0,1% to 5%
  • Interest rate: floating rate (Euribor plus a margin to be agreed); fixed rate (cost of funding plus a margin to be agreed)
  • Flag: all most important european registers are accepted

VAT Regime

Italian law no 342/00 and subsequent circular letters issued by the Inland Revenue Agency establish that the leasing instalments are subject to VAT 22%, according to the period of navigation inside EU waters. The client can choose for a lump sum basis VAT as follows.

Type of craft (length) % of lease subject to VAT Effective VAT rate
Sailing boats or motor boats over 24 mt 30% 6,6%
Sailing boats between 20,01 to 24 mt and motor boats between 16,01 to 24 mt 40% 8,8%
Sailing boats between 10,01 to 20 mt and motor boats between 12,01 to 16 mt 50% 11,0%
Sailing boats up to 10 mt and motor boats between 7,51 to 12 mt 60% 13,2%
Motor boats up to 7,50 mt 90% 19,8%

Full VAT (22%) is imposed on the final option price value of the leasing contract.

  • Full VAT exemption on the leasing instalments and the final option price for charter companies and commercial use of the boat.
  • Full VAT exemption on the leasing instalments and the final option price for boats delivered, moored and used outside EU waters.