Spanish Government Plan to Abolish Matriculation Tax
After much lobbying from the yachting industry and tourism sector, the Spanish Government now plans to eliminate the Matriculation Tax for charter yachts that was imposed several years ago, and in so doing, improve their competitiveness.
This is great news for owners and charter guests wishing to cruise or spend time in Spanish waters and will hopefully see a real boost in the associated local economy.
Following is a translated excerpt from Spanish Ministry of Development’s recent press release:
Madrid, 28th of June 2013, Ministry of Public works
Following a proposal from the Ministry of Public Works (Fomento), the Ministry of Finance will modify the Special Tax on Certain Means of Transport (IEDMT) known as the matriculation tax. The elimination of the tax will apply to pleasure yachts of over 15 meters dedicated to a commercial activity.
The dates of implementation of the new rule have not been communicated yet by the Spanish authorities. For further information contact please contact the Charter Marketing Division here.