Tax Marine’s team can assist you with your Spanish customs formalities in the following areas:
Temporary import arrangements
• The yacht must be owned by a natural person (i.e. an individual) or a legal person (i.e. a company) who is established (i.e. resident) outside the VAT territory of the EU.
• The yacht must be used privately, i.e. no charter
Our firm will assist you with the necessary formalities to access this regime and with the necessary arrangements to extend the temporary import period if you need it.
Voluntary customs bonding
The eighteen-month period may be extended for the time during which the yacht is not used. The clock will then be stopped until the owner returns on board. During the period the vessel is in-bond, the boat must not move from its berth, and the owner and crew are not allowed to sleep on board. We are proficient in dealing with temporary import procedure queries. We are able to assist with completing the documentation required for customs bonding. We can assist with the re-export of vessels out of the EU.
IRP suspension allows customs duties, import VAT and excise duty on third country yachts imported to the EU for processing to be suspended on condition that there is an intention to re-export the yachts at the end of processing and that all the requirements of the procedure are met. It is intended to assist EU established processors to compete on an equal footing in the world market without harming the essential interests of EU producers of similar goods. If you plan to carry out maintenance works or a complete refit, IRP suspension may be the right mechanism to use.
Re-export formalities all across EU
Yachts registered in the Customs Territory of the EU are considered to have been declared for export by the simple fact of crossing the EU customs territory. However, such exemption from entering an export declaration only applies to means of transport in free circulation and registered in the Customs Territory of the EU and therefore it is essential that non-EU flagged yachts complete a Temporary Export Declaration whenever leaving the EU. Contact us for assistance.
Definitive import of vessels into Spain
We can assist to import your boat into Europe in Spain, the process is pretty straightforward. We will help to determine the right valuation of the boat based on the prices listed in the Spanish Official Gazette or, if your boat is not listed, we can help in order to back up your import valuation with Spanish customs.