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Tag "Tax"

Croatia ports profiting, but for how long?

Croatia ports profiting, but for how long?

Croatian ports saw profits rise 11.2% last year, reaching 855 million Kuna ($141.3 million), but seems set to fall. The total income from Croatian ports was 855 million Kuna in 2017, with 70% (598 million Kuna) of the total being

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European Commission “discriminating against smaller countries” with yacht lease letter

European Commission “discriminating against smaller countries” with yacht lease letter

Anthony Galea, managing director at Vistra Marine & Aviation, questions whether the European Commission really understands the Maltese leasing scheme and remains confident that yacht leases will continue. Superyacht Investor: Are you surprised that the European Commission is targeting yacht

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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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Super Yachts: What’s Special About Malta?

Super Yachts: What’s Special About Malta?

Malta, having the largest maritime registry in Europe and the sixth largest in the world, vaunts of close to 4,700 yachts registered under its flag, 85% of which are yachts over 24 metres. In light of this, one wonders, what

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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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