Spanish yacht groups urge European Commission to challenge ‘unfair’ tax

Spanish yacht groups urge European Commission to challenge ‘unfair’ tax

Spanish yachting groups are urging the European Commission to challenge the country’s matriculation tax. Pictured is OneOcean Port Vell, Barcelona. The Spanish Superyachts Association (AEGY) and the Spanish Yachting Association (ANEN) are urging the European Commission to oblige Spain to

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OPINION: Could the cost of  superyacht berths be about to soar?

OPINION: Could the cost of superyacht berths be about to soar?

Price competition for superyacht berths, particularly at popular marinas, is likely to intensify, according to Ignacio Erroz, manager of OneOcean Port Vell (pictured). Superyacht berths at Barcelona’s port on the Costa Brava coast are significantly less ‘costa’ than other berths

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Superyacht berths to ‘command premium prices as demand exceeds supply’

Superyacht berths to ‘command premium prices as demand exceeds supply’

Berths for big superyachts will increasing command higher prices. Pictured is OneOcean Port Vell at the Spanish city of Barcelona. Superyacht berths at popular locations are likely to command higher prices in the years ahead, as demand outstrips supply, according

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VAT and superyachts: four key questions answered

VAT and superyachts: four key questions answered

Taxing questions: Ezio Vannucci, from law firm Moores Rowland Partners, answers four key questions about VAT. The European Commission’s decision to target tax breaks offered in the Italian and Cypriot yacht industries raises key questions about the interpretation of VAT

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EU VAT action against Italian and Cypriot yacht sectors ‘no surprise’ but who’s next?

EU VAT action against Italian and Cypriot yacht sectors ‘no surprise’ but who’s next?

Navigating murky waters: what lies behind the EU’s decision to curb tax breaks offered by the Italian and Cypriot yacht sectors? Perhaps the biggest surprise about the EU Commission’s decision to target tax breaks offered in the Italian and Cypriot

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EU accuses Cyprus, Greece and Malta of yacht “tax evasion”

EU accuses Cyprus, Greece and Malta of yacht “tax evasion”

The EU has sent letters of formal notice to Cyprus, Greece and Malta alleging that they have not been charging the correct amount of Value-Added Tax (VAT) on yachts. All three countries offer leasing schemes. They now have two months

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Yachts and Malta – Tax, VAT and all that goes with it

Yachts and Malta – Tax, VAT and all that goes with it

The past few years have seen numerous published articles talk about Malta being the number one EU destination for maritime excellence. Many of these articles concentrate on the niche area of what makes Malta advantageous for commercial and pleasure yachting,

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A guide to Malta VAT leasing arrangements

A guide to Malta VAT leasing arrangements

Bordered by three continents and twenty two countries it is easy to understand why so many people choose to cruise around the Med’s hotspots.  However, there is one thorny issue that I am sure everyone would agree can burst the

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VAT update: changes to French Commercial Exemption

VAT update: changes to French Commercial Exemption

Dominion Marine discuss the recent changes to French Exemption for commercial yachts  Following the 2013 ECJ ruling against France and the French Exemption for commercial yachts, the French Authorities have produced new regulations BOFIP 1205-15. These regulations set out the

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The superyacht industry is changing

The superyacht industry is changing

Ken Griggs and Simon Roberts from Dominion Marine discuss the “VAT minefield” in Europe and the implications this will have on the superyacht industry. The pressure is mounting in the European Union for all member states to reduce their budget deficits.

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