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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.

There are of course certain conditions and requirements to benefit from this tax exemption and the handling of each case is different. Therefore, we recommend consulting a qualified Spanish maritime lawyer and/or advisor with the relevant local knowledge and experience.

Asesoría Náutica Roig could be a good start to consult locally.