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
Southern Spars - 100PredictWind.com 2014Bakewell-White Yacht Design

Related Articles

Coast Guard Foundation receives donation from Ice Hockey Team
Coast Guard Foundation announced today that it received a donation from the Guilford High School Ice Hockey Booster Club The Coast Guard Foundation, a non-profit organization committed to the education and welfare of all Coast Guard members and their families, announced today that it has received a donation from the Guilford High School Ice Hockey Booster Club for $2,568, to benefit the Coast Guard Foundation’s Fallen Heroes Fund and Scholarship Fund.
Posted on 25 Feb
New Xperformance - Optimising the cruiser/racer range from X-Yachts
X-Yachts have built a wide range of 'Cruiser/Racers' as well as dedicated racing yachts which have won many Intl titles Since the company was founded back in 1979, X-Yachts have built a wide range of 'Cruiser/Racers' as well as dedicated racing yachts which have won many famous International titles, and of course One Design Class yachts such as X-79 and X-99
Posted on 14 Feb
Bavaria Yachts to introduce Cruiser 34 and Nautitech 46
The Cruiser 34 will be on show at the Bavaria Yachts display at the Strictly Sail boat show at Bayside’s Miamarina The Cruiser 34 will be on show at the Bavaria Yachts display at the Strictly Sail boat show at Bayside’s Miamarina, from February 16th to 20th.
Posted on 13 Feb
World Sailing unites Kiteboarding governing bodies
World Sailing has today signed a landmark agreement with the IKA and the GKA to unite the kiteboarding community World Sailing has today signed a landmark agreement with the International Kiteboarding Association (IKA) and the Global Kitesports Association (GKA) to unite the kiteboarding community and provide clarity of kiteboarding's governance structure.
Posted on 13 Feb
Unique Transatlantic Sailing Event - Building friendship across oceans
Rendez-Vous 2017 Tall Ships Regatta, organised to celebrate Canada 150, 150th anniversary of the Canadian Confederation. Sailing in the wake of the great explorers, international friendship and understanding is at the core of this once in a lifetime adventure - The Rendez-Vous 2017 Tall Ships Regatta, organised to celebrate Canada 150, the 150th anniversary of the Canadian Confederation.
Posted on 10 Feb
Frigid flying – Coast Guard aircrews take on New England Winter
Freezing rain? Teeth-chattering temperatures? Limited visibility? Coast Guard aircrews are still ready to fly. Freezing rain? Teeth-chattering temperatures? Limited visibility? Coast Guard aircrews are still ready to fly. At Air Station Cape Cod, aviation maintenance and electronic technicians work around the clock to ensure the MH-60 Jayhawk helicopters are prepared and ready to launch. There is one thing the maintenance crews and pilots cannot control: winter weather.
Posted on 9 Feb
On board interview with Lisa Blair - solo Antartica circumnavigation
So far, Lisa is tracking very well in her attempt to become the first woman to sail solo around Antartica. So far, Lisa is tracking very well in her attempt to become the first woman to sail solo around Antartica. After the setbacks of a delayed departure due to gremlins in the electronics, we are delighted to have these answers from her on board. She is well and enjoying her time. Climate Action Now, her Hick 50, left Albany in Western Australia on January 22, 2017.
Posted on 8 Feb
The price of legacy
Malcolm Page OAM, two-time Olympic Gold Medallist, became the Chief of Olympic Sailing for the USA on January 1 Malcolm Page OAM, two-time Olympic Gold Medallist (470) with Nathan Wilmot in 2008 and Mat Belcher in 2012, became the Chief of Olympic Sailing for the USA on January 1 this year. In and of itself it is hardly the freshest news, and well and truly yesterday’s fish wrapper. It was also a wise choice on behalf of Team USA, for he has succeeded in both the physical and commercial arms of our sport.
Posted on 5 Feb
Superyacht Challenge Antigua – Tactical battle on the south side
The second race of the regatta was about 12 miles, along the stunning South Coast of Antigua. The second race of the regatta was about 12 miles, along the stunning South Coast of Antigua.
Posted on 5 Feb
Superyacht Challenge Antigua – Spectacular opener
With solid trade winds piping up to twenty knots, the south coast of Antigua delivered a memorable day of racing. With solid trade winds piping up to twenty knots and a three metre sea state, the south coast of Antigua delivered a memorable day of racing, for the first day.
Posted on 4 Feb