Please select your home edition
Edition
BandG Zeus3 AUS 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 SW
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Earlier the local authorities in Sardinia had also applied high charges on boats, but that decision was withdrawn when owners resorted to the European authorities asking for compensation, GMA reminded.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.
RS Sailing 660x82Cooper Teamwear 660x82 1Giacomo Yacht Sale

Related Articles

Twenty-second blog from Jon Sanders - Starved for any news of world
When Magellan entered the Pacific from the Straight that bears his name it was pleasingly calm. When Magellan entered the Pacific from the Straight that bears his name it was pleasingly calm. He named the Pacific. 'Pacific'. Anything but. (So it can be). Except today, yesterday and probably tomorrow. Frustrating. No not at all. Quiet gentle wind 7/8 knots sometimes 9/10. Paul Stratfold has routed me into the west going current.
Posted on 23 Jun
The Bridge – Arriving into New York on the 1st July
The 345m Cunard flagship ocean liner Queen Mary 2 will race some of the world’s fastest yachts from France to America. Two thousand seven hundred passengers will board this historical ocean liner to race against the world's fastest trimarans helmed by the worlds best skippers: Macif (François Gabart), Sodebo (Thomas Coville), Actual (Yves le Blévec), IDEC (Francis Joyon).
Posted on 21 Jun
Dismasted solo sailor Lisa to complete Antarctic Circumnavigation
Sydney- based solo sailor and adventurer Lisa Blair (32) will recommence her attempt to circumnavigate Antarctica She has spent the past two months preparing Climate Action Now so that she can complete her circumnavigation, including the installation of a new mast and repairs to the hull and electrical and navigation systems sustained during her dramatic dismasting.
Posted on 11 Jun
Race for Water – A key player in fight against plastic pollution
Race for Water Foundation is drawing attention to the need for concerted action against the plastic pollution To mark World Oceans Day on June 8, 2017, the Race for Water Foundation is drawing attention to the need for concerted action against the plastic pollution that is swamping our oceans.
Posted on 7 Jun
B&G® introduces V20 VHF radio
Providing users easy and intuitive operation, the V20 includes a high-quality, high contrast black-on-white display Providing users easy and intuitive operation, the V20 includes a high-quality, high contrast black-on-white display that is clearly visible in bright sunlight. Nighttime visibility has also been optimized, with an inverted white-on-black night mode to reduce light emission and preserve night vision.
Posted on 3 Jun
Twentieth blog from on board Perie Banou II - The Panama Canal
As you are probably aware Perie Banou 2 was to depart Shelter Bay Marina, Colon - Atlantic end of the canal As you are probably aware Perie Banou 2 was to depart Shelter Bay Marina, Colon - Atlantic end of the canal, Monday 22nd May 2017 this year. Well I didn't. Went Tuesday. Why? Don't know. You get that. Same with two other yachts. The three yachts did the transit Tuesday. The other yachts was a French owned Lagoon 50 (ft) catamaran and a New Zealand owned Royal New Zealand Yacht Club 44.5 Beneteau.
Posted on 2 Jun
North Sails launches revolutionary polyester cruising product
3Di NORDAC is an innovative product that marries patented 3Di shape holding technology with polyester sails. North Sails, the worldwide leader in sailmaking, introduces the latest application of their patented 3Di technology - a revolutionary cruising sail made of 100% polyester fiber. 3Di NORDAC is an innovative product that marries patented 3Di shape holding technology with the toughness and affordability of polyester sails. Tailored for small to medium sized cruising boats...
Posted on 1 Jun
Carl Crafoord – Getting it right.
31 times, Carl Crafoord has turned right on Boxing Day. You learn a bit when you undertake the iconic bluewater event. 31 times, Carl Crafoord has turned right on Boxing Day. You learn a bit when you undertake Australia’s totally iconic bluewater event. Equally, when you’ve done it that many times, you’ve seen as many changes to the boats, sails, and crew, as there have been in weather. For one race is never the same. It’s a bit like saying 31x1, as opposed to 1x31. The answer might be same...
Posted on 1 Jun
AMSA marine notice – Importance of using official nautical charts
This notice draws attention to the importance of using official nautical charts to comply with flag State requirements. Official charts are those issued by or on the authority of a government, authorised hydrographic office or other relevant government institution.
Posted on 24 May
Line 7 Marine presents Squadron II jacket in time for SCIBS
The Squadron II Jacket is now on shelves and has been designed to keep the wearer on the water for longer. The Squadron II Jacket is now on shelves and has been designed specifically to keep the wearer on the water for longer. It’s crafted from 100% waterproof fabric, with a high level of breathability for extra comfort and pulls together a host of extra features.
Posted on 23 May