Matriculacion Tax

The Spanish Consejo de Ministros (Council of Ministers) have formally announced that it will end the imposition of matriculación tax currently payable on the hull value of yachts over 15 metres in length that charter in Spanish waters.

The announcement was made on the 28th June, 2013 through the issue of an official bulletin titled: ‘El Gobierno eliminará el “impuesto de matriculación” para las embarcaciones destinadas al alquiler’.

A copy of the bulletin can be downloaded here:

130628 NP IMPUESTO_MATRICULACION

Spain has historically levied an additional tax on certain means of transport in addition to VAT known as Impuesto Especial sobre Determinados Medios de Transport  which is more commonly known as ‘matriculación tax’.

The tax consists of a one-off payment of 12% on a yacht’s total value which represents a considerable burden on acquisition particularly when added to the Spanish VAT which is also payable at the prevailing rate (currently 21%).

The tax has resulted in yacht charter activity in mainland Spain and the Balearics remaining subdued in comparison to the activity taking place in the rest of the Mediterranean with the majority of charter yachts avoiding Spanish waters for fear of the imposition of the tax.

Oceanskies are monitoring these ongoing developments in Spain with great interest and we welcome some good news at last for the yacht charter industry.

We understand that a final approval to the change has to be given by the Spanish parliament but that it is hoped that that this can be achieved by the autumn.

It will be interesting to see whether the requirement to hold a Spanish charter licence will still apply under the new regime.

It would appear that matriculación tax will remain payable on private yachts greater than 8 meters in length registered in Spain and/or used in Spanish waters by individuals or companies who are Spanish resident and/or deemed to be established in Spain.

Please do not hesitate to contact us for further information.

Share →

Email

Call

Guernsey Office

Oceanskies Limited

Castle Emplacement

St. Peter Port, Guernsey GY1 1AU

Channel Islands, Great Britain

Malta Office

Oceanskies (Malta) Limited

56, Ground Floor, Europa Centre

Saint Anne Street,

Floriana FRN 9011, Malta

Instagram

Something is wrong.
Instagram token error.

Twitter

oceanskiesltd 2018 was a record year for the @oceanskiesltd yacht agency team here @gsyharbours where we handled 50+ visiting yac… https://t.co/OZDYH4ssNT
oceanskiesltd Oceanskies is recruiting in the South of France! We are seeking a candidate to be responsible for the set-up and d… https://t.co/jKOy8O2iA1
oceanskiesltd This week we have been to the @Puertosherry marina in Cádiz Spain for the tonnage survey of an @Lagooncats 52 saili… https://t.co/HN08FQ3eeo
oceanskiesltd Today we have been in @ElGounaRedSea promoting our yacht registration services to various locally based marine busi… https://t.co/JRA0frDhra
oceanskiesltd Braving the weather this morning we welcomed the returning 55 metre expedition motor yacht 'STEEL' built by… https://t.co/yaRZw7eA6G

Follow Us

Facebooktwittergoogle_pluslinkedininstagram