SuperYacht Times logo Yachting intelligence promo small
Yachting Intelligence
Latest news
Advertisement

Repeal of the Spanish Matriculation Tax

Travel Business

The Spanish marine trade association (ANEN) has announced that the Spanish Government will do away with the much debated matriculation tax on charter yachts, which meant that charter yachts had to pay 33% tax. For charter yachts over 15 metres in length, this will now be brought back to 21% VAT, which will finally open up Spain as a competitive charter destination.

"The involvement and support we have had from the Directorate General of the Merchant Navy in recent years has been instrumental in achieving this accomplishment. With the current intermediation DGMM team, led by Rafael Rodríguez Valero, the Ministry of Finance will give the green light to the elimination of the matriculation tax." said Carlos Sanlorenzo, Secretary General of ANEN.

Norma Trease, Director-Salamanca Marine, commented on behalf of Marina Port Vell; “Needless to say, all of us at Marina Port Vell are thrilled to hear the news about the Matriculation Tax being repealed, and hope it will be implemented soon. Spain has proved itself a leader in recognizing the vital importance and beneficial financial impact that yachting brings to the country. This will have a dramatically positive effect on the entire nautical community in the islands as well as the mainland and create many new jobs; the officials should be saluted for their forward-thinking vision.

Spanish Marine Trade Association
www.anen.es

The SuperYacht Times iQ Report

SuperYacht Times - The State of Yachting 2020

Being the intelligence partner for the top shipyards and yacht brokers in the world, we have learned to analyse and track the market in great detail. Each year our leading market report is used by investors, CEOs, owners and other key decision makers to inform themselves on the state of the market and future developments. Find all the information you need on the market, fleet, construction book, ownership nationalities and much more in our report.


#weknow - do you want to know? Buy the report now for only €299!

Advertisement

Related companies