Please select your home edition
Edition
InSunSport - International - RG

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
Schaefer 2016 Ratchet Block 660x82upffront 660x82Naiad/Oracle Supplier

Related Articles

Mirabaud Yacht Racing Image exhibition at the World Sailing conference
The Mirabaud Yacht Racing Image award keeps growing and improving its structures. World Sailing’s annual conference reassembles World Sailing member national authorities, Committees, Sub-committees, Commissions, Class Associations, sailors, event organizers, boat manufacturers and observers. Up to 700 delegates are expected in Barcelona this year.
Posted on 26 Sep
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
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
Southern Spars en route to Monaco – Stand QSE2
It’s been another big year for the NZ based company, there's lots of exciting things to talk about the Monaco Yacht Show It’s been another big year for the New Zealand based company, giving us lots of exciting things to talk about at the 2016 Monaco Yacht Show like our two big projects Adix and Aquijo. Adix, the three-masted 65-metre Dykstra schooner, has been transformed by a rig refit by Southern Spars and Future Fibres.
Posted on 22 Sep
Tony Parker - Basketball player and ambassador of the Bridge
Tony Parker, basketball player with an exemplary sporting career, took advantage of visiting France to launch 100 Club This important meeting took place last Saturday morning on 17th September in Nantes, between Tony Parker, godfather to the Bridge, and the companies which support this Franco American initiative, which will celebrate 100 years of fraternal exchanges between two countries. Tony Parker, the basketball player with an exemplary sporting career, took advantage of visiting France to launch the 100 Club
Posted on 22 Sep
Terry Kohler, driving force of North Technology dies at 82
Terry Kohler who purchased North Sails was the driving force behind the North Technology Group, has died aged 82 Terry Kohler who purchased North Sails from Lowell North over 30 years ago and was the driving force behind the North Technology Group, has died aged 82. With the combined company of North sails and Southern Spars, Kohler created the 'Engine above the Deck' concept which married the technology used to build the sails and spars to be designed and work as an integral unit.
Posted on 21 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
The Newport International Boat Show is opening next week!
Newport Exhibition Group has secured a record number of exhibitors, and organized more educational activities Newport Exhibition Group, owners and producers of the Newport International Boat Show, announced today that it has secured a record number of exhibitors, and organized more educational activities and attractions for showgoers than ever before.
Posted on 9 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