Turkish agent clarifies fuel and charter reforms
Local superyacht agent BWA Yachting has provided The Superyacht Group with information pertaining to revision of Turkey's bunkering and charter rules. This offers clarification on how a vessel qualifies for tax exemption in both areas.…
With fiscal legislation being seemingly rehashed and revised across Europe, there is a degree of confusion about which yachts will qualify for tax exemptions this summer and where they will have to go to do so.
In keeping with this fiscal upheaval Turkey has issued some revisions to its rules on yacht charter and the provision of duty-free fuel. BWA Yachting’s Anne Spyropoulus has informed The Superyacht Group that all superyachts, regardless of status, “will be able to take on duty-free fuel this year in Turkey.” However, to qualify, the yacht must then immediately leave Turkish waters.
With regards charters beginning in Turkish waters, in order to qualify for tax exemption, the vessel must leave Turkey and visit a foreign port before returning.
For the full story please visit TheCrewReport.com.
In keeping with this fiscal upheaval Turkey has issued some revisions to its rules on yacht charter and the provision of duty-free fuel. BWA Yachting’s Anne Spyropoulus has informed The Superyacht Group that all superyachts, regardless of status, “will be able to take on duty-free fuel this year in Turkey.” However, to qualify, the yacht must then immediately leave Turkish waters.
With regards charters beginning in Turkish waters, in order to qualify for tax exemption, the vessel must leave Turkey and visit a foreign port before returning.
For the full story please visit TheCrewReport.com.
Palmarina in Bodrum will be one of the Turkish destinations enforcing the new regulations.
Profile links
Click here to become part of The Superyacht Group community, and join us in our mission to make this industry accessible to all, and prosperous for the long-term. We are offering access to the superyacht industry’s most comprehensive and longstanding archive of business-critical information, as well as a comprehensive, real-time superyacht fleet database, for just £10 per month, because we are One Industry with One Mission. Sign up here.
