By the Resolution issued on 12th January 2017 (no. 2/E), the Italian Revenue Agency, in addition to the exclusion of ships involved in salvage operations and fishing boats from benefits related to the assignment and/or performance of services (art. no. 8-bis of Italian VAT Decree), held that the VAT exemption for “ocean-going ships” can apply only where the official documentation of the previous year proves that the ship performed more than 70% of her voyages on high seas (beyond 12 nautical miles). Therefore, said Resolution implies that length and tonnage requirements formerly identified by EU Court of Justice to define the “ocean-going ships” (EUCJ, Commission/France, C-197-12) are no longer sufficient to enjoy the aforesaid exemption.
The new legal system for the recovery of civil and commercial claims, provided by EU Regulation no. 655/2014, will enter into force on 18th January 2017: before obtaining a judgement on the merits, claimants will be entitled to apply for the issuance of a European Order of conservative seizure, so as to prevent the debtor’s assets from becoming untraceable. The issuance of such Order does not require any assistance by lawyers and, once issued, it will be automatically recognized all over the European Union.
By replying to the inquiry filed by a shipping company, Italian Tax Office clarified that, if a bank partially waives the claim arising out of the loan for the construction of a ship subject to the tonnage tax regime, the relevant windfall gain follows the aforesaid regime and cannot be independently subject to IRES (Italian tax on companies income). In this respect, Italian Tax Office pointed out that, according to the tonnage tax provisions, revenues and/or losses arising out of the sale of a ship, which is subject to the relevant regime, are already included in the taxable income.
At the 97th Maritime Security Committee, The International Maritime Organization (IMO) examined the most significant issues arising out of the new requirements on certifications of the seafarers, introduced by the amendments (“Manila 2010”) to the STCW Convention that will come into force on 1st January 2017. In order to ensure the correct implementation of the new rules, IMO has recommended that, at least until 1st July 2017, a practical and flexible approach should be adopted by the national Port State Control Authorities in verifying the compliance of national certifications to the new rules.