Italian Tonnage Tax regime extended to EU and EEA vessels23 January 2024
Relevant decrees have been published to complete the opening of the Italian tonnage tax regime to European Union and European Economic Area registered vessels.
Insights
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WFW advises TotalEnergies on sale of £522m stake in Seagreen UK offshore wind farm4 January 2024
With a total capacity of 1,075 MW, Seagreen is the largest offshore wind farm in Scotland as well as the world’s deepest fixed bottom wind farm.
WFW advises Sonnedix on innovative €500m loan facility13 December 2023
Watson Farley & Williams has advised Sonnedix on the signing of an innovative €500m loan facility to finance the construction of its renewable development pipeline.
Recent Development in Thai Tax on Foreign-Sourced Income27 September 2023
Guidance for revenue officers with regards to foreign-sourced income brought into Thailand by a Thai tax resident issued by The Departmental Instruction No. Paw 161/2023.
WFW advises CRC on sale of 337 MW wind farm portfolio6 September 2023
Statkraft is expected to more than double the generation capacity of the portfolio going forward.
German tonnage tax regime – Insights of tax authorities’ view29 August 2023
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).
15% registration tax for the establishment of surface rights on agricultural lands6 July 2023
The Italian Revenue Agency confirmed the application of 15% registration tax on surface rights granted on agricultural land.
WFW advises NYK on long-term charter contracts for four LNG carriers25 May 2023
The four vessels will be constructed at HD Hyundai Heavy Industries Co. Ltd. and will be completed in sequence during 2027.
UK Tonnage Tax – New Election Window23 May 2023
An overview of the new UK tonnage tax election window.
WFW advises lenders on financing of Afentra’s entry into Angola11 May 2023
Watson Farley & Williams has advised Mauritius Commercial Bank as agent and lender on an up to US$110m reserve-based lending facility and an up to US$30m working capital facility granted to Afentra Ltd for the acquisition from INA-Industrija d.d. of 4% interests in Block 3/05 and Block 3/05A offshore Angola in the Lower Congo Basin.
WFW advises Societe Generale and Unifergie on refinancing of 12 photovoltaic power plants for M.E.R.27 April 2023
Operational for over six years, the portfolio has a total capacity of circa 100 MW.
New tax measures introduced in Italy’s Law Decree no. 3421 April 2023
Italy’s Law Decree no. 34/2023 provides urgent measures to support families and enterprises affected by the increase in electricity and natural gas prices.
