Camper and Nicholsons
English

Latest Update on Spanish Matriculation Tax

4th Oct 2013

We are delighted to report that the bill regulating the Matriculation tax exemption for charter yachts has now been approved by the Treasury Commission of the Spanish Congress.

Despite some opposition from other political bodies, the bill has been agreed and dispatched from the Spanish Congress to the Senate. It includes the registration tax exemption exactly as outlined in our previous announcements on this topic.

As this bill procedure has been flagged as urgent, the Senate has a maximum period of 20 days to pass the bill and it is expected to be approved by the Senate by October 10th.

Once the Law Proposal is approved, the text will be published in the State Official Gazette (BOE) and the Law will enter into force from the following day of its publication in the BOE. Consequently, we estimate that the Law will come into force from around the third week of October.

Please note that charter yachts will still need a charter permit and matriculation tax exemption certificate in order to charter in Spain. For further information about how to obtain these please contact your charter manager.

by Camper Nicholsons

More Charter News

the bill has been agreed and dispatched from the Spanish Congress to the Senate