Please select your home edition
Edition
Wildwind 2016 728x90

Italian, Greek taxes send yachts to Turkey, Croatia, Montenegro

by Sail-World Cruising round-up on 12 Feb 2012
Greek marinas suffering under taxes for the last three years .. .
Yachts heading for the Med would be well to research the country they intend to spend most of their time or berth for the winter.

Italy's recent tax on yacht berthing (see Sail-World http://www.sail-world.com/index_d.cfm?nid=93209!story) is likely to have the same effect as the 2009ax on yachts in Greece active since 2009. It has compelled about 4,000 Greek yacht owners to pull their yachts from circulation, not including foreign yachts which instead chose Turkey Montenegro or Croatia.


These figures, from the Greek Coastguard, combined with a 50% drop in pleasure craft since 2008 (according to an ICAP study) and the 25 percent decline in boats moored at Greek marinas, paints a rather depressing picture for the country’s yachting sector.

According to the president of the Greek Marinas Association, Stavros Katsikadis, 'over the past three years, the Greek state has missed out on revenues amounting to at least 120 million euros because of the slump in activity in the yachting sector.' However, he adds, 'this downward trend made its appearance with the enactment of Law 3790/2009, which imposed a special tax on private and professional pleasure craft, through which more emergency taxes were levied on boats of over 10 meters in length.'

For example, an engine-powered craft of 20 meters flying a non-European Union flag and berthed at a Greek marina will be charged 5,000 euros a year in mooring fees and basic services, while paying an additional 2,500 euros in taxes and other charges.

The combination of high value-added tax and extensive red tape, meanwhile, is another disincentive for seafarers, as in Greece mooring fees and services are charged 23 percent VAT, which comes on top of emergency levies and special taxes. Vessels sailing under a non-EU flag, moreover, are charged according to their length.

In contrast to Greece, Turkey does not charge VAT for mooring foreign private pleasure craft, the process for checking that all permits and documents are in order is much simpler, and visitors’ visas are issued immediately.

The picture is not all bleak, however, as there are some points that continue to make Greek marinas attractive. 'They are competitive in terms of pricing, offer much fuller technical support and are staffed by very experienced personnel,' said Katsikadis. 'Some Greeks who tried Turkey for permanent mooring have returned,' he added.

However, according to the head of the Hellenic Professional Yacht Owners Association, Antonis Steliatos, 'the total number of 19 marinas in a country like Greece is quite low compared to our competitors in the neighborhood. In Turkey, meanwhile, there has been an orgy of marina construction.'

Another issue that is of serious concern to professionals in the sector is that pleasure craft sailing under non-EU flags and with a capacity for under 49 passengers are subject to cabotage restrictions, as a recent law ostensibly lifting cabotage does not cover all pleasure craft.

'The result,' says Steliatos, 'is that big yachting operators prefer marinas in Turkey for homeporting, and they can still enjoy the Aegean and the Greek islands. However, this means that the Greek state is losing out on significant economic gains.'
T Clewring - GenericWildwind 2016 660x82Colligo Marine 660x82

Related Articles

Olympic Gold medalist and Volvo Ocean Race winner up for WS Board
Torben Grael (BRA) is amongst the 15 nominations for one of seven places on the Board of Directors of World Sailing Torben Grael (BRA) is amongst the 15 nominations for one of seven places on the Board of Directors of World Sailing in November. The five times Olympic medalist, Volvo Ocean Race winner and several times America's Cup competitor will bring a much needed sailing edge to the Board of World Sailing if he can navigate the politics of the controlling body of the sport.
Posted on 25 Sep
D-Marin Farr 40 Zadar Regatta – Overall report
Enfant Terrible and Plenty have been doing battle on the Farr 40 International Circuit for several years now. Enfant Terrible and Plenty have been doing battle on the Farr 40 International Circuit for several years now. Those two top-notch programs have resumed their rivalry this week in the waters off this historic city along the Dalmatian coast.
Posted on 23 Sep
Impressive tow-in freestyle show on the water in Cold Hawaii
The second day of the netIP Cold Hawaii PWA World Cup proved to be yet another lay day for the main competitio The second day of the netIP Cold Hawaii PWA World Cup proved to be yet another lay day for the main competition as expected with light winds and small waves.
Posted on 21 Sep
Brookes and Gatehouse Videos with Knut Frostad
Navico, the parent company for Brookes and Gatehouse (B&G), Simrad and Lowrance have prepared some terrific videos Navico, the parent company for Brookes and Gatehouse (B&G), Simrad and Lowrance have prepared some terrific videos with Knut Frostad, the legendary Volvo Ocean Race sailor and former CEO. See him talk about sailing in general, the B&G product choices and placement he made for his own boat, and then why he loves his Outremer 5X.
Posted on 8 Sep
Soft Padeyes – light, strong and versatile
Several types of soft padeyes are now available and are proving increasingly popular over traditional stainless steel pa Several types of soft padeyes are now available on the market and are proving increasingly popular over traditional stainless steel padeyes. They all capitalise on the incredible strength to weight ratio and abrasion resistance of Dyneema® which offers a reliable, robust, flexible and safe termination.
Posted on 6 Sep
The hurricanes headed for Hawaii and Florida
The National Weather Service has upgraded a tropical storm headed for Florida to hurricane status. The National Weather Service has upgraded a tropical storm headed for Florida to hurricane status. The first of two hurricanes headed toward Hawaii lost strength and was downgraded to a tropical storm. Meanwhile, in Florida, a tropical storm gained in strength and is now designated as a hurricane.
Posted on 4 Sep
Zhik sailors win 17 sailing medals at 2016 Olympic Regatta
The 2016 Olympic games are over and what a Games they have been - Zhik sailors dominated Zhik sailors won almost 60% of the medals contested at Rio de Janeiro. It was a regatta which tested sailors and gear - with one day being the most severe conditions ever experienced at an Olympic regatta. For the Zhik team riders on the waters of Rio, four years and more of hard work and dedication have paid off for many.
Posted on 29 Aug
Kids Polarised Sunglasses from Barz Optics
Barz Optics have developed a quality range of junior polarised sunglasses ideal for sailing and fishing. Barz Optics have developed a quality range of junior polarised sunglasses ideal for sailing and fishing. Each pair are supplied with a neoprene case and sunglass retainer.
Posted on 4 Aug
Reducing weight aloft with composite backstays
Reducing weight aloft is one of the most cost effective ways of increasing your boat speed and performance. Reducing weight aloft is one of the most cost effective ways of increasing your boat speed and performance. Every kilogram you take out of the rig is roughly equivalent to 4kg added to the bottom of your keel!
Posted on 26 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