Italian Tonnage Tax regime extended to EU and EEA vessels
Relevant decrees have been published to complete the opening of the Italian tonnage tax regime to European Union and European Economic Area registered vessels.
Our specialist logistics and container lawyers advise on all business issues that arise from land, sea and air transportation, plus the sale, purchase and delivery of goods. We routinely advise across financing and leasing, corporate (including structuring and M&A), commercial contracts, taxation and management in this niche industry.
Shippers, freight forwarders and owners and operators of shipping assets seek our advice on the sale and purchase of containers, freight forwarding agreements, container interchange agreements, standard terms of service, billing and collection agreements, bills of lading, sales agency agreements, insurance, reinsurance, environmental and regulatory issues.
In addition, we regularly act for banks and financial institutions, leasing companies and ship owners on the financing solutions for containers ranging from secured loans and operating and finance leases, to structured finance products.
Relevant decrees have been published to complete the opening of the Italian tonnage tax regime to European Union and European Economic Area registered vessels.
Attention should be paid to the newly published guideline of the tax authorities on the German tonnage tax regime which provides further clarifications on related aspects (subject to final and pending court decisions).
This article discusses the recent Canadian judgment of South West Terminal Ltd v Achter Land and Cattle Ltd, which should be noted with caution by trading companies and other organisations whose personnel regularly discuss contract terms via informal communication methods, such as WhatsApp, Telegram or WeChat.
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