Please select your home edition
Edition
Wildwind 2016 728x90

Greek yacht tax delayed, but yachting already hurting

by Des Ryan on 24 Feb 2014
Sailing Greece - idyllic but could be expensive - photo by Stamatis .. .
As we reported in January, the Greek Government has delayed the implementation of the new vicious tax on visiting yachts. However, some of the damage may have already been done.

The Greek Marinas Association (GMA) has reported a number of departures of foreign-owned yachts due to the new charges imposed since the start of the year on recreational vessels.

The increased taxes (see Sail World story), a grab for the government's share of the income generated by foreign yachts cruising Greece, threatened to make visiting Greece an expensive affair.

The new regulations received much attention from cruising sailors and international organizations, associations and unions active in the maritime tourism domain informed their members about the new increased taxation Greece has imposed on yachts.

The GMA has also been informed about certain strong foreign associations, which have many members on their registers, that may resort to the competent authorities of the European Union to protest the tax hike.

International reports also cite the possibility that Greek tax and customs authorities could bar yachts from leaving local marinas if their owners are unable to pay the additional charges. In that context they note that unless the charges are paid this year, the obligation for their payment will be carried over to next year.

According to GMA data, yacht owners mostly from the United Kingdom, Italy, France, Germany and Austria have taken their boats from Greece to marinas at rival maritime tourism destinations such as Croatia, Montenegro and Turkey.

In comments about the new taxation, owners say that it constitutes a counterincentive for sailing into Greek waters, that Turkey will benefit and that there will be some revenue loss for local economies and marinas as well as for the country in general.

The association further noted that when Italy applied a similar tax policy of high charges in 2012, it witnessed the departure of some 30,000 yachts. That development, it added, led the Italian government to exempt foreign owners of private boats from the payment of the additional charges.

Earlier the local authorities in Sardinia had also applied high charges on boats, but that decision was withdrawn when owners resorted to the European authorities asking for compensation, GMA reminded.

However, amid all this conjecture, complaint and the fleeing of some boats, there is no clear picture of when, if ever, the new taxes will be implemented.

'The tax on yachts was a much-debated subject prior to being sent to parliament for approval,' explains Mike Brewer, agency manager at A1 Yachting in Greece. 'The Ministry of Economy, ignoring all speculation, decided to go ahead as it was deemed a necessary source of income. They were warned of the possible illegality of the law and Italy and Sardinia were mentioned. The law was passed and printed in the Government Gazette but until now has not been implemented.'

While it is evident that tax and fees for yachts in Greece might be increasing in the near future, the notion that this will dramatically effect yacht activity is still a matter of some conjecture as Greek waters still remain substantially cheaper to cruise in than at least some of its European neighbours.
Naiad/Oracle SupplierPantaenius - Fixed ValueSafety at Sea - Baltic - 3

Related Articles

The New Bavaria Cruiser 34 - you won't believe this is a 34' yacht!
The Sydney International Boat Show sees the World Premiere of the Bavaria Cruiser 34 - 2 Cabin version. The Sydney International Boat Show sees the World and Australian Premiere of the Bavaria Cruiser 34 - 2 Cabin version. The new Cruiser 34 offers more space and more comfort than ever before with a bigger cockpit, dual helms and ergonomically designed seating. This is the first time the entry level Bavaria cruiser has been offered in twin helm!
Posted on 19 Jul
Navathome Australia brings RYA Theory to your door
The RYA Cruising Syllabus has been built up over years of best practice development in Sail and Power Boat skippering. The Royal Yachting Association Cruising Syllabus has been built up over years of best practice development in Sail and Power Boat skippering. Split into a theory and practical syllabus the training modules take you in steps from a Start Yachting orientation through to Yachtmaster for either power or sail.
Posted on 5 Jul
Free $US3,000 Carbon Vang with SouthernFurl boom orders in July
Southern Spars is giving a free carbon vang - valued at US$3,000 - with SouthernFurl in-boom furlers ordered in July Southern Spars is giving away a free carbon vang - valued at US$3,000 - with all of their SouthernFurl in-boom furlers ordered in July. Carbon gas vangs make a great addition to the furling boom package, though if you’d prefer to keep your existing one, Southern Spars will offer you a 5% discount on the price of your boom instead.
Posted on 29 Jun
Newport Bermuda Race - High Noon takes honours
As the Newport Bermuda Race fleet rushed to the finish line on Monday in the wake of the first-to-finish boat, As the Newport Bermuda Race fleet rushed to the finish line on Monday in the wake of the first-to-finish boat, the powerful 100-foot grand prix Comanche, to the surprise of many they were led by an unusual boat and crew. High Noon, at 41 feet, is fully 59 feet shorter than Comanche and tens of feet shorter than many other entries.
Posted on 22 Jun
Platino recovery - Family confirms that tug has made rendezvous
Reports in social media say a salvage tug has made a rendezvous with the Platino earlier than expected. Reports in social media by family and friends of Nick Saull, the crew member killed during a catastrophic incident abroad the 66ft yacht Platino say the salvage tug which left on Tuesday night has made the rendezvous earlier than expected. The Facebook report says the tug, Sea Pelican, arrived on Friday morning, the weather in the area has eased and with a more favorable outlook.
Posted on 16 Jun
Royal Queensland Yacht Squadron to ban bottled water
Approval has been given to create a ban on bottled water that comes in plastic containers. The RQYS Management Committee has confirmed that approval has been given to create a ban on bottled water that comes in plastic containers. This will place the club as a leader in environmental impact management in Australia and around the world. The Royal Hong Kong Yacht Club earlier this year did likewise. Who’s next?
Posted on 16 Jun
Platino recovery operation well underway as crew arrive in Auckland
An ocean-going tug has left Whangarei to locate and attempt to salvage the luxury yacht Platino An ocean-going tug left Whangarei late on Tuesday night to locate and attempt to salvage the luxury yacht Platino which has been abandoned 550km NE of New Zealand. Weather dependent, we could reach Platino by Saturday and have the yacht and body of the person on board back in New Zealand early next week,” says Inspector Graham of the NZ Police.
Posted on 16 Jun
Search for Platino crew member lost in Pacific Ocean is suspended
Maritime New Zealand have advised that the Rescue Coordination Centre New Zealand (RCCNZ) has suspended the search for t Maritime New Zealand have advised that the Rescue Coordination Centre New Zealand (RCCNZ) has suspended the search for the sailor lost overboard from the yacht Platino on Monday morning, 550km north of New Zealand. Sail-World understands that a tug has left NZ to rendezvous with the boat. That boat is believed to have an NZ Police officer on board responsible for the recovery of the deceased.
Posted on 15 Jun
Platino survivors expected in Auckland on Thursday
Southern Lily, with three crew members from the 66ft yacht Platino aboard, is expected to arrive in Auckland on Thursday The container ship, Southern Lily, with three crew members from the 66ft yacht Platino aboard, is expected to arrive in Auckland on Thursday morning. The master of the Southern Lily, Shashi Prakash, said that seas in the region at the time of the rescue were 3 metres high making for a tricky operation to rendezvous with the dismasted yacht.
Posted on 15 Jun
Platino rescue - Three crew safely aboard container ship
Two men and a woman have been rescued from their battered yacht, Platino, around 550 kilometres north of New Zealand Two men and a woman have been rescued from their battered yacht, Platino, around 550 kilometres north of New Zealand by the crew of the container ship Southern Lily. A rescue line was used to help get the trio safely on board around 3pm.
Posted on 14 Jun