Greek Cruising Tax Update - European Commission rules tax to be lawful under EU law

The Royal Yachting Association (RYA) is reporting that it has received confirmation that the European Commission considers the proposed Greek cruising tax (known as 'TPP') to be lawful under EU law.

In January 2014 legislation was introduced by the Greek government to implement a new tax for yachts of any flag over 7 metres in length cruising in Greek waters. As yet there has been no indication of when collection of this tax will start.

The European Commission has reviewed the Greek legislation and has concluded that the tax does not contravene EU law.  It remains to be seen, however, whether the recent political changes in Greece will have an impact on the speed with which this legislation is implemented (if at all).

Further information can be found here on the RYA website:

RYA - Greek TPP tax update

Oceanskies works closely with a leading yacht agent in Greece to handle all Greek cruising formalities on behalf of its client yachts to ensure that they are able to safely navigate their way around the applicable rules, regulations and VAT import/export formalities regardless of whether they are privately or commercially operated.

For further information please do not hesitate to contact us.

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