Sardinia 'luxury tax' cancelled
IBI Magazine
Posted: 20 May. 2009
The regional government of Sardinia, an Italian island in the Mediterranean, has cancelled the controversial 'luxury tax' levied on visiting yachts, which will be very welcome news to many cruisers and racers alike.
On Wednesday, May 6, Article 2 of the Financial Regional Act was passed effectively repealing the law known as the 'luxury tax', which also targeted holiday homes and private aircraft.
Sardinia's governor-elect Ugo Cappellacci promised a reversal on the luxury tax law when he came to power in March.
The law meant that visiting yachts berthed in any Sardinian port could have to pay up to €15,000 for its sojourn. Since the tax's introduction in 2006, the number of yachts present in Sardinian ports is said to have declined by 50 per cent.
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