Sail-World.com  Monday 22 September 2014

Home Graphical | News Text | Powerboat-World | BoatsPlus | MarineBusiness | SW Aus | Cruising Int | Magnetic Is RW | Photo Gallery | FishingBoating | Newsletter Subscription Here | Search Sail-World


sail-world.com -- The confusion over yacht charter taxes in the EU

The confusion over yacht charter taxes in the EU    
Tue, 2 Jul 2013

It's very hard to keep up with what you'll be paying to charter a yacht in Europe these days. It's all about taxes. Croatia's charges have been altered by her entry into the EU on 1st July, yachts have been fleeing from Italy to places like Montenegro because of the high Italian charges, France has just agreed to levy VAT on yacht charters and now Spain has made a change of their own - for the better.

The Spanish marine trade association, ANEN, has just announced that the Council of Ministers of Spain has done away with the matriculation tax on leisure boats operating for charter.

Until now, leisure boats used for charter used to pay up to 33 per cent in tax: a 12 per cent registration tax (for boats over 15 meters in length) coupled with 21 per cent VAT.

The 'tax package' announced today, comprises the elimination of the 12 per cent tax on leisure boats or nautical sport craft, new or used, dedicated exclusively to charter activities and above 15 meters in length. It follows the recent announcement that France was to introduce VAT into charter. Spain has traditionally been the only country in the region to apply not only VAT but also this special registration levy.

'The involvement and support that we have received the past few years from Spanish Merchant Marine, has been fundamental in the achievement of this change,' said Carlos Sanlorenzo, ANEN’s secretary general. 'With the assistance of the current team managed by Rafael Rodriguez Valero, the Tax Ministry has approved the elimination of matriculation tax for nautical charter, hence understanding that not to penalize the activity will bring forward greater benefits for the economy beyond the collection of a tax,' Sanlorenzo added.

ANEN explains in a statement that the matriculation tax will still be applied to pleasure boats over 8 meters intended for private use, however, as a result of the changes applied to the charter sector 'we understand that undoubtedly it will be a reference to continue modifying taxation in our industry and adapt our regulation to that of our neighbouring countries'.

In Spain, the recreational boating industry totals 107,434 (direct and indirect) employments and amounts to 5,690 million euros in net added value. The Spanish charter industry is primarily based in the Balearics. The 12 per cent registration tax has traditionally acted as a deterrent for international charter players to operate non-Spanish fleets in Spanish waters; the move is expected to open business opportunities in the larger (15m-plus) charter vessel segment.

by Lee Mylchreest



Our advertisers are committed to our sport, please support them! (Graphics)
Contact us , ph: +61 2 8006 1873, , fax: +61 2 8076 0459 or complete our feedback form. View our Privacy Policy. Photographs are copyright by law, if you wish to use a photograph from www.sail-world.com, please Contact us. [Go Home(Graphics)]
Make sail-world.com Australia my default page.    Make sail-world.com Cruising International my default page.  Make sail-world.com Cruising Australia my default page.  Make sail-world.com Asia my default page.   Make sail-world.com New Zealand my default page.   Make sail-world.com UK my default page.   Make sail-world.com USA my default page.  


Visit another region : Sail-World Australia    Sail-World Cruising International   Sail-World Cruising Australia   Sail-World Asia   Sail-World New Zealand   Sail-World UK   Sail-World USA  

Onesails.com - Workforce
OneSails is the culmination of over 35 years of experience accumulated by our team in design and technology applied to sail-making.
[More info]
http://www.onesails.com

GME Standard Communications Pty Ltd
Leaders in communications and navigation. Their goal has always been to make products whose innovation, convenience and peace of mind can help improve the lives of their customers.
[More info]
http://www.gme.net.au

VicSail Sydney
Vicsail Sydney Pty Ltd, launched into the Australian sailing fraternity in 1983 and has been sailing strong ever since. At Vicsail, “We Sail the Boats We Sell”.
[More info]
http://www.vicsailsydney.com.au