#01 | Having a break with… Toni Tió
info@taxmarine.com | +34 932 008 453 #01 | Having a break with… Toni Tió “The most exclusive toy of the richest men in the world is neither a plane, nor a Ferrari nor a house: it is a yacht” Toni Tió, “an apparently happy person from 1949” who had a vocation for the sea, visited our […]
The day Brexit came true, a Spanish point of view
info@taxmarine.com | +34 932 008 453 The day Brexit came true, a Spanish point of view I have had the chance to read a lot of literature in the past months on Brexit and how it would impact yacht owners and maritime operators. Today, early January 2021, the countdown is over and a new relationship […]
The Spanish Commercial Exemption: chimera or reality?
info@taxmarine.com | +34 932 008 453 The Spanish Commercial Exemption: chimera or reality? It is well known in the yachting industry that there is the possibility to benefit from an attractive VAT exemption regime, in place either in France or Italy, on certain yacht supplies and works. These are the so-called French and Italian Commercial […]
Transfer of residency – VAT and Matriculation tax
info@taxmarine.com | +34 932 008 453 Transfer of residency – VAT and Matriculation tax If you are thinking about moving your residence to Spain, you must be aware that you may be exempt from paying duties and taxes when importing your personal belongings, and owned yachts can be included among those belongings. Due to the […]
Superyacht Chartering VAT exempt in Spain
info@taxmarine.com | +34 932 008 453 Superyacht Chartering VAT exempt in Spain It is well known among yacht professionals and especially those involved in superyacht chartering that the VAT regime in Spain has been always particularly tough. Spain, unlike other surrounding countries, as France or Italy, did not implement in National legislation the possibility of […]
Spanish Matriculation Tax on private & business jets
info@taxmarine.com | +34 932 008 453 Spanish Matriculation Tax on private & business jets After Spain joined the European Union in 1985, VAT became applicable on the supply of means of transport at a luxury rate of 33% tax. This luxury rate was reduced to 28% in 1992. The same year 1992 after the VAT […]
VAT on Spanish charters – The use and enjoyment provision
Contact us VAT on Spanish charters – The use and enjoyment provision As is well known, chartering in countries like France, Italy or Malta can benefit from really reduced VAT rates on charter fees. This is not the case in Spain. What is the reason why? Let’s find out what are the legal grounds on […]
Spanish charter: VAT registration for commercial yachts
Contact us Spanish charter: VAT registration for commercial yachts From a tax standpoint, charter yachts are considered a hiring of Means of Transport, which is a service for VAT purposes. The VAT treatment depends on a number of factors including the period of time for which the Means of Transport is hired, the VAT status […]
Yacht Engaged in Trade (YET) 2021 in Spain
Contact us Yacht Engaged in Trade (YET) 2021 in Spain The Yacht Engaged in Trade (YET) Scheme is a mechanism adopted by some flag states whereby private yachts obtain a Compliance Certificate and a Temporary Certificate of Registry authorizing the yacht to charter for up to a certain number of days per calendar year in […]
UK RYA qualifications in Spain after Brexit
Contact us UK RYA qualifications in Spain after Brexit On the 10th February 2021 the Spanish Merchant Marine Directorate, as a result of the effects of Brexit, published an internal instruction establishing that UK RYA qualifications certificates were no longer acceptable for use on Spanish-flagged rental yachts. The publication of that instruction immediately caused great concern […]