Please select your home edition
Edition
Marine Resource 2016

Superyacht Australia clarifies carbon tax information

by AIMEX-Superyacht Australia on 10 Jun 2013
SUPERYACHTS - Andrea Francolini AIMEX ©
Superyacht Australia has sought confirmation from the Australian Tax Office which clarifies recent incorrect and misleading media reports of increasing taxes for superyachts wanting to cruise in Australian waters. The ATO has confirmed that superyachts visiting Australia to cruise recreationally are not subject to the carbon tax increase. In an article published by SuperaychtNews.com on 30 June 2013 ‘Superyachts, expect to be taxed for entering Australian waters’ it was intimated that the carbon tax would affect superyachts visiting Australia. A spokesperson from the Australian Taxation Office (ATO) today confirmed that 'Excise or customs duty rates for diesel and other liquid fuels are not changing. If you operate a vessel (including super yachts) in Australian waters for recreational purposes, the fuel you purchase has excise or customs duty included in the price. The duty rate is AUD 38.143 cents per litre and will continue to be this rate from 1 July 2013. If you leave Australian waters you are still entitled to claim a refund of the full duty amount for the fuel remaining on board from the Australian Taxation Office (ATO). For more information, refer to Bunker fuel and private yachts on the ATO website. You are unable to claim fuel tax credits for the fuel you acquire for use in recreational vessels. Fuel tax credits provide a credit for the fuel tax (excise or customs duty) included in the price of fuel used in business activities or for domestic electricity generation only.' The release was derived from an incorrect interpretation of a port alert released by the Inchcape Shipping Services (ISS) to inform their stakeholders of the increase in Australian carbon taxes from 1 July 2013. Superyacht Australia Chairman Barry Jenkins commented that 'Australia’s fuel is comparatively well priced against global prices. Australia regularly supplies duty free fuel to cruising vessels departing Australia and also applies the full $0.38143 per litre excise refund to each vessel and this is not subject to change.' More at www.aimex.asn.au and www.superyacht-australia.com
Fremantle to Bali Race 660x82InSunSport - NZPacific Sailing School 660x82 1

Related Articles

A boater's paradise at the Sydney International Boat Show
Australians with a passion for the outdoors are set for a treat when Sydney International Boat Show opens on Thursday Australians with a passion for the outdoors are set for a treat when the Sydney International Boat Show opens on Thursday. Scheduled to run for five days from 28 July to 1 August, it is an annual pilgrimage that has delivered joy to generations of boaties.
Posted on 23 Jul
2016 Hamilton Island Race Week - Best accommodation deals
Have you booked your accommodation for Hamilton Island Race Week 2016? Have you booked your accommodation for Hamilton Island Race Week 2016? All the best properties book out early, so make sure you book soon to secure your preferred option.
Posted on 20 Jul
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
X-Yachts Australia announces to exhibit yachts at the Sydney Boat Show
The seascape 18 is a success and is displayed again. She's fun and fast but you can take the family away camping as well The Xp 38 has been a very popular model in the X-Yachts range. Designed as a performance cruiser, the interior offers all of the modern comforts that one would expect with the finest Danish joinery that X-Yachts are renowned for.
Posted on 18 Jul
2016 Hamilton Island Race Week - Accommodation deals
Have you booked your accommodation for Hamilton Island Race Week 2016? Have you booked your accommodation for Hamilton Island Race Week 2016? All the best properties book out early, so make sure you book soon to secure your preferred option.
Posted on 11 Jul
Upffront.com - Tuff Luff and Harken Headfoils
Upffront.com is a comprehensive online purchasing platform for performance sailing hardware and rigging systems Upffront.com is a comprehensive online purchasing platform for performance sailing hardware and rigging systems; orders are processed 24 hours a day, 365 days a year and we deliver to customers located anywhere in the world.
Posted on 8 Jul
New Open 46 just arrived in Australia for SIBS
Bavaria Yachts Australia is pleased to announce the arrival of the first Open 46 Catamaran Bavaria Yachts Australia is pleased to announce the arrival of the first Open 46 Catamaran in preparation for her Australian debut at the 2016 Sydney International Boat Show.
Posted on 7 Jul
Barz floating sunglasses - Ideal for sailing in rough conditions
Our SAN JUAN floating model fitted with 1.1mm Acetate Lenses have a density of 0.95 GM/ML Barz floating sunglasses float in rough conditions. Most sunglasses that say they float, only float in the bathtub as once they break surface tension (or if there is any movement on top of the water)... down they go...
Posted on 7 Jul
2016 Hamilton Island Race Week - Best accommodation deals
Have you booked your accommodation for Hamilton Island Race Week 2016? Have you booked your accommodation for Hamilton Island Race Week 2016? All the best properties book out early, so make sure you book soon to secure your preferred option.
Posted on 6 Jul
Sydney International Boat Show – A pilgrimage for boaters
Connecting the two is a ferry service that also gives show visitors a bonus voyage across the magnificent Sydney Harbour The event is well known for delivering a comprehensive variety of products, across all boating sectors. Joining local visitors, the show also has a large number of guests from across the country as well as overseas, making it the ideal location for the marine industry to use as a base to launch new products and services.
Posted on 5 Jul