Shipping & Transport Bulletin | February – March 2020
In this issue:
At the beginning of the new year, we cannot but deal with a topic which is very “dear” to terminal operators, namely the cadastral registration of real estate properties within ports and the relevant payment (or non-payment) of the Italian municipal property tax (“IMU”). The Italian 2018 Budget Law has introduced, effective from 1 December 2020, new classification criteria for certain real estate properties located in ports of national and international economic importance.
The Administrative Regional Court of Piedmont has ruled again on the payment of the fee for the functioning of the Italian Transport Regulation Authority. Let’s consider the latest rulings.
We point out the recent legislative action on withholding tax in procurement and sub-contracting contracts, which introduced significant requirements for all the parties involved in the supply chain with the result of tightening the principal’s liability compared to what happens in the supply chain.
KLM discourages air travel for short-haul trips: a genuine campaign for environmental awareness, just a marketing push or something else? Let’s see the hypothetical scenario of a future reprogramming of short-haul routes.
We want to thank our colleagues at Nctm Brussels’s office for their contributions highlighting the most significant actions taken by EU institutions in the international shipping and trade sector.
You will also find the usual update on our firm’s activities over the past two months.