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Spain repeals Matriculation Tax on charter yachts

Spain repeals Matriculation Tax on charter yachts

Spain repeals Matriculation Tax on charter yachts

On Thursday 17 October 2013, the Spanish Congress of Deputies approved a bill to repeal the Matriculation Tax applying to all charter yachts in Spanish waters.

This is excellent news for the entire Spanish marine industry. The tax amendment will allow Spain to participate in this market under the same conditions that apply to surrounding countries. Expect to see the beneficial effect of this measure in next year’s 2014 charter season.

A spokesperson at Marina Port Vell in Barcelona comments, ‘The timing couldn’t be better for our wonderful project of the complete transformation of Marina Port Vell into a world-class superyacht facility, which is due to be fully delivered in 2014, coinciding perfectly with the final repeal of the Matriculation Tax on charter yachts.

‘Soon, international charter yachts can cruise the beautiful Spanish coast and islands without hassle.

‘We very much look forward to welcoming many of the world's most prestigious yachts to Barcelona, where they can accomplish everything and anything required before, after or during a charter.’

Other area's of Spain will also benefit from the new legislation including the northern area of Galicia where two marinas are readying themselves for superyacht visits. Both Marina Davila Sport and Marina Coruña have excellent facilities to accommodate superyachts and the region offers a less crowded cruising environment.

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