sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Greek yacht tax delayed, but yachting already hurting
Greek yacht tax delayed, but yachting already hurting


'Sailing Greece - idyllic but could be expensive - photo by Stamatis'    .

As we reported in January, the Greek Government has delayed the implementation of the new vicious tax on visiting yachts. However, some of the damage may have already been done.

The Greek Marinas Association (GMA) has reported a number of departures of foreign-owned yachts due to the new charges imposed since the start of the year on recreational vessels.

The increased taxes (see Sail World story), a grab for the government's share of the income generated by foreign yachts cruising Greece, threatened to make visiting Greece an expensive affair.

The new regulations received much attention from cruising sailors and international organizations, associations and unions active in the maritime tourism domain informed their members about the new increased taxation Greece has imposed on yachts.

The GMA has also been informed about certain strong foreign associations, which have many members on their registers, that may resort to the competent authorities of the European Union to protest the tax hike.

International reports also cite the possibility that Greek tax and customs authorities could bar yachts from leaving local marinas if their owners are unable to pay the additional charges. In that context they note that unless the charges are paid this year, the obligation for their payment will be carried over to next year.

According to GMA data, yacht owners mostly from the United Kingdom, Italy, France, Germany and Austria have taken their boats from Greece to marinas at rival maritime tourism destinations such as Croatia, Montenegro and Turkey.

In comments about the new taxation, owners say that it constitutes a counterincentive for sailing into Greek waters, that Turkey will benefit and that there will be some revenue loss for local economies and marinas as well as for the country in general.

The association further noted that when Italy applied a similar tax policy of high charges in 2012, it witnessed the departure of some 30,000 yachts. That development, it added, led the Italian government to exempt foreign owners of private boats from the payment of the additional charges.

Earlier the local authorities in Sardinia had also applied high charges on boats, but that decision was withdrawn when owners resorted to the European authorities asking for compensation, GMA reminded.

However, amid all this conjecture, complaint and the fleeing of some boats, there is no clear picture of when, if ever, the new taxes will be implemented.

'The tax on yachts was a much-debated subject prior to being sent to parliament for approval,' explains Mike Brewer, agency manager at A1 Yachting in Greece. 'The Ministry of Economy, ignoring all speculation, decided to go ahead as it was deemed a necessary source of income. They were warned of the possible illegality of the law and Italy and Sardinia were mentioned. The law was passed and printed in the Government Gazette but until now has not been implemented.'

While it is evident that tax and fees for yachts in Greece might be increasing in the near future, the notion that this will dramatically effect yacht activity is still a matter of some conjecture as Greek waters still remain substantially cheaper to cruise in than at least some of its European neighbours.


by Des Ryan


  

Click on the FB Like link to post this story to your FB wall

http://www.sail-world.com/index.cfm?nid=119552

11:03 PM Sun 23 Feb 2014GMT


Click here for printer friendly version
Click here to send us feedback or comments about this story.







News - USA and the World















Volvo Ocean Race: Team Vestas Wind gears up in Alicante by Richard Gladwell/Sail-World.com/nz,


























Soling North American Championship concludes on Lake Erie by Canadian International Soling Association,


























ISAF Sailing Worlds - Four champions crowned as racing wraps up
ISAF Sailing Worlds, Santander - USA finishes Top-10 in 4 classes
Outteridge and Jensen – What doesn’t kill you makes you stronger
ISAF Sailing Worlds, Santander - Giles Scott wins Gold
Santander Worlds - 49ers Burling and Tuke clear ahead
ISAF Sailing Worlds – Live broadcast - Medal races
Starboard Hatteras Wave Jam day 5
WMRT Chicago Match Cup 2014 – GAC Pindar through to the semi-finals
Bart’s Bash 2014 at Royal Hong Kong Yacht Club in Victoria Harbour
Bart's Bash: First event in at Wakatere in New Zealand
ISAF Sailing Worlds Santander 2014 - AUS Laser and 470 Medals + video
2014 Patriot Regatta - U.S. Coast Guard team wins
2014 ISAF Sailing World Championships - Santander - Day 9 highlights
2014 Etchells North American Championship – Day 2
Chicago Match Cup - Top four tour teams tackle tomorrow in semi-finals
470 Men and Women Worlds - Champions decided in Santander
ISAF Sailing Worlds, Santander: 49er and Nacra 17 world titles claimed
ISAF Sailing Worlds - Caleb Paine through to Finn medal race + video
ISAF Worlds - 49er, 49erFX, Finn and Nacra 17 Rio 2016 spots taken
ISAF Sailing Worlds - 470 Women's medal race images by Thom Touw
ISAF Sailing Worlds, Santander: Scott all set to lift Finn world title   
ISAF Sailing Worlds - 470 Men's medal race images by Thom Touw   
ISAF Sailing Worlds, Santander - Aussies and Austrians claim 470 gold   
ISAF Sailing Worlds, Santander: 470 awards images by Sail-World.com   
ISAF Sailing Worlds, Santander - 470 medal race images by Jesus Renedo   
Annapolis-to-Newport Race - 'What to Expect' Seminar to take place   
Royal Cup Marina Ibiza - No racing on penultimate day   
Belcher takes record fifth 470 World Championship   
ISAF Sailing World Championships - Santander - Day 8 video highlights   
2014 Great Lakes Team Racing Championship about to set off   
2014 Etchells North American Championship - Day 1   
2014 U.S. Multihull Championship - Day 1   
2014 Chicago Match Cup - Repechage top four determined in final flight   
J/24 World Championship - 35th anniversary preview   
470 Men and Women Worlds - Santander medal race line-up confirmed   
ISAF Sailing Worlds, Santander - Day 8 images by Sail-World.com   
Royal Cup Marina Ibiza - Quantum Racing stumbles in coastal race   
ISAF Sailing Worlds, Santander - Americans ready for 470 medal races   
ISAF Sailing Worlds, Santander: Action ramps up with end zone in sight   
Big Boat Series - It's not the size, it's the length   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
   Archive News







Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png http://www.sail-world.com/event_images/image/FaceBook-icon.png  http://www.sail-world.com/event_images/image/RSS-Icon.png

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph contact the photographer directly.
XLXL NEW US
LocalAds   DE  ES  FR  IT