26 September 2016

8 Sep 2014

Tax Marine Spain at the Monaco Yacht Show

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2014 has been a year of change in Spain for the yachting industry. The latest amendments to the Matriculation Tax have opened the Spanish charter market to large yachts for the first time. Tax Marine, founding member of The Barcelona Nautical Cluster, has been working with the Spanish Authorities to improve the legal and tax frame and make it safer and more attractive for charter operators. This year the firm also clarified the possibility for non-Spanish owners to use their vessels in Spain as a result of the benefit from the Matriculation Tax relief.
 
Tax Marine, VAT representative and charter licensing service, has licensed an important number of yachts for charter in Spain this year. The firm has been able to license several non-EU flagged yachts during the 2014 summer season, like Isle of Man or Cayman Islands, it is a difficult situation in Spain.

Alex Chumillas, managing director of Tax Marine Spain, will be at the Monaco Yacht Show giving the latest details on the Spanish market and to help clients put together the most efficient operational structures for their yacht.

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