Balearic Government has officially announced that it will now allow non-EU flagged charter yachts over 14 meters to operate out of the Balearic Islands. Same requirements as for EU flagged vessels apply: commercial registry, commercial compliance, full
Good news for the yachting and charter industry in Spain. The much discussed and criticized 12% matriculation tax on commercial charter yachts destined to operate in Spanish waters and ports has been eliminated and came into force on October the 31st 2013.
The Croatian authorities have now implemented the requisite administrative steps to facilitate non-Croatian yacht owners to import their yacht into Croatia and to pay 5% VAT. This does seem to be an opportunity for the owners of ex VAT yachts..