Mediterranean Yacht Charters
On October 30th 2013 the Spanish Official State Gazette (BOE), published Law 16/2013, of October 28, 2013. That Law modifies the matriculation/registration tax exemption established by the Spanish Excise Duties Law (Law 39/1992) for vessels effectively and exclusively engaged in the charter activity, eliminating the reference to the maximum length of 15 meters that was required under the previous wording of the Law in order to benefit from the tax exemption. Charter Authorization In order to start a charter activity shall be necessary to get a double permission (national and regional). The position of the Spanish Marine authorities is keen to accept that non EU flagged vessels can obtain a charter license, provided VAT position is resolved.
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