Norma Trease on the Repeal of the Spanish Matriculation Tax

YachtingJournal.com
Friday, October 18, 2013

On Thursday, October 17, 2013, the Spanish Congress of Deputies has approved the bill that modification of the current exemption foreseen in the Spanish Excise Duties Law (Law 38/1992) for vessels really and exclusively dedicated to the charter activity, eliminating the mention to the maximum length of 15 meters for these vessels. After this approval the bill has to be published in the Spanish for Official Bulletin of the State, the official gazette of the Government of Spain in order to be mandatory. This is expected to happen in one week time.

This in practice means the opening of the Spanish yacht charter market to anyone interested to operate in, avoiding the payment of matriculation tax. This tax benefit does not mean the activity can be developed itself without previous approval. Even more, carrying out the charter activity without the necessary permissions might involve very important penalties and the loss of the matriculation tax relief benefit. Therefore it is completely necessary to go for a licensing procedure. However we it is extraordinary good news long claimed by the Spanish yachting-industry professionals.

Therefore this is excellent news for the entire Spanish marine industry. The tax amendment will allow Spain to participate in this market in the same conditions than our surrounding countries. This is the result of so many peoples' efforts involved that have been working behind the scenes for many year and definitely will help to activate charter business in Spain. It is expected to see the effect of this measure on next year’s 2014 charter season.

“The timing couldn’t be better for our wonderful project of the complete transformation of Marina Port Vell into a world-class superyacht facility, which is due to be fully delivered in 2014, coinciding perfectly with the final repeal of the Matriculation Tax on charter yachts. Soon, international charter yachts can cruise the beautiful Spanish coast and islands without hassle. We very much look forward to welcoming many of the world's most prestigious yachts to Barcelona, where they can accomplish everything and anything required before, after or during a charter.”

"The repeal of the Spanish Matriculation will very positively impact yacht chartering throughout Spanish waters. As Marina Port Vell is based in the heart of Barcelona—with its excellent transportation hubs as both international airport and high-speed railway are only minutes away— we certainly expect that we will see a dramatic upsurge in charters beginning and finishing here.” 

“Chartering the Med remains the most popular region worldwide, and Barcelona has long been one of Europe's most vibrant tourist destinations. So opening Spanish waters to international activity will most likely boost chartering even further, which is excellent news for entire worldwide yachting community.”
 

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

A History of U.S. Oil Export Controls

On Oct. 20, 1973, King Faisal of Saudi Arabia imposed a total embargo on oil shipments to the United States among other countries in response to their support for Israel during the Arab-Israeli war.

Great Lakes Coal up More Than 12% in September

Lake Carriers’ Association reported that coal shipments on the Great Lakes totaled 3 million tons in September, an increase of more than 12 percent compared to a year ago.

Containers, Cruises Help Boost Marseilles Fos

Container throughput at French port Marseilles Fos reached 876,711 teu for the period January to September, an increase of 6% on the first nine months last year.

News

A History of U.S. Oil Export Controls

On Oct. 20, 1973, King Faisal of Saudi Arabia imposed a total embargo on oil shipments to the United States among other countries in response to their support for Israel during the Arab-Israeli war.

New York, London Juxtaposed by New Maritime Event

On November 13, the newly formed New York Maritime Consortium, a coalition of leaders from New York Maritime Inc. (NYMAR), the Society of Maritime Arbitrators (SMA),

Transas to Supply TechSim Solutions to SUNY Maritime

The Navsim Services and Transas Americas Team, have been awarded contracts for supply of a combination of full mission, classroom and cloud based Transas Technical

Government Update

Sea Dispute Sparks China Diplomat to Vietnam Visit

China's top diplomat to visit Vietnam again amid sea dispute   China's top diplomat will visit Vietnam next week, China said on Friday, five months after he last

A History of U.S. Oil Export Controls

On Oct. 20, 1973, King Faisal of Saudi Arabia imposed a total embargo on oil shipments to the United States among other countries in response to their support for Israel during the Arab-Israeli war.

US Warns of Sanctions on Buyers of Islamic State Oil

The Obama administration on Thursday threatened to slap sanctions on anyone buying oil from Islamic State militants in an effort to disrupt what it said was a $1-million-a-day funding source.

Yachts

Pink Lashings Raise Money for Breast Cancer Research

As the first Peters & May Pink Lashings shipment leaves Palma for Fort Lauderdale, the global marine transport company is calling all yacht owners to support its campaign to help raise £25,

Ocean Training Launches Blended Learning Course

Major revisions to the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers (The STCW Convention) came into force in 2012.

The Hydroptere Flies with Finesse

The hydrofoil trimaran Hydroptere will try for another nautical record with support from biotechnology leader Finesse Solutions After a year resting in Long Beach,

 
 
Maritime Contracts Maritime Security Navigation Pipelines Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1773 sec (6 req/sec)