Benefits
Tax Relief for Direct Taxation and Social Security Contributions As far as direct taxes are concerned, income deriving from the use of vessels registered in the International Register forms 20 percent of overall income that can be to subjected personal income tax (IRPEF) and corporate tax (IRPEG).
Regional corporate tax (IRAP) is not due on income from vessels registered in the International Register.
Ship-owning companies carrying out income-earning business using vessels registered in the International Register are allowed tax credits corresponding to the amount of the withholding taxes due on income from subordinate or self-employment paid to crew members on board ships registered in the International Register, which is valid for the purposes of payment of the taxes themselves. |
