Sunday, June 24, 2012
For the first time ever, a senior Spanish politician has spoken clearly and directly in English about the importance of abolishing the 12%matriculation tax which uniquely burdens the purchase of all yachts over 8 metres registered under the Spanish flag.
Sr. Jose Ramon Bauza was interviewed by Patricia Bullock for Nautical TV Europe (NTVE) after he delivered the opening address at the 6th annual Future of Superyachts Conference in Palma de Mallorca earlier this week.
Sr. Ramon said that the Partido Popular, Spain's ruling centre right party, were well aware of the damage being caused by this prohibitive tax, both at regional and national level.
Thursday, June 21, 2012
The Nautical Association of the Balearic Islands (AENB) was present throughout the day in the Future VII of the Superyacht Conference, an event of great importance internationally attended by the elite of the marine industry to discuss and make networking. The conference focuses on legal, financial, tax, construction and design.
The president of the Government, Jose Ramon Bauza, was the first speaker after the presentation of the day. In his speech he announced his intention to seek the abolition of registration tax of charter boats. He does it because "it is necessary fiscal and legislative framework which we equate to other competitive markets such as France or Italy." He has also stated that "it is necessary to modernize and create infrastructure for location, maintenance and repair of mega yachts" to remain at the forefront in terms of services.
Wednesday, June 20, 2012
An official study and report on the Spanish Matriculation Tax published by Asociacion Española de Grandes Yates (The Spanish Association of Superyachts) has revealed the damaging knock-on effects of Spain’s tax system on its economy, with focus largely on the superyacht sector and its potential for economic growth.
The study and report was commissioned by the Mediterranean Yacht Broker Association (MYBA), Asociación Nacional de Empresas Náuticas (ANEN), Asociación Española de Grandes Yates (AEGY) and the Asociaión de Empresas Náuticas de Balearaes (AENB).
Spain has a 12% additional tax on the first definitive registration of recreational boats (both new and used) larger than 8m and intended for private use (for charter-registered vessels the length is 15m), and combining the non-deductible registration tax with VAT, the Spanish tax adds 30% to the purchase of any recreational boat (compared to the approximate 20% tax in Italy and France).
The Balearic economy is losing each year between 3 and 6 million euros due to the reluctance of the large yachts chartering in the Balearic Islands due to the tax paid, only in Spain, on vessels over 15 meters.
This was stated the by the President of the Nautical Association of the Balearic Islands (AENB), Margarita Dahlberg, on the occasion of the celebration in Palma of the conference "The future of superyachts" which has been opened by the President of the Balearic Islands, José Ramón Bauzá.
Spain is the only country in Europe where charter boats over 15 meters in length which are able to work or are rented to residents are taxed at the special tax on certain means of transport, known as the registration tax (RT). The tax rate is 12% of the value of the yacht.
Friday, June 8, 2012
Recently the Department of Agriculture, Environment and Planning submitted a draft directive which provides power to limit the areas where boats can anchor near Cabrera. If this goes ahead it will be a blow to the industry that keeps tourists away and other potential users as they are suspicious because of a tax and legal framework which is obsolete. Entrepreneurs are not the only ones who are worried.Recently the prestigious Financial Times criticized the registration tax in Spain. In another vein, a few weeks ago the Advisory Council of the Boat Show met (which we belong to) to begin preparing the edition of 2013. AENB presented a set of proposals necessary to move towards excellence and self-financing. A week ago the Department of Agriculture, Environment and Territory introduced a draft decree that would regulate the moorings on the Balearic Islands in order to preserve the seagrass. These occurrences continue to complicate the administration (even more) the legal framework for pleasure boats. This new measure will only do away with the nautical tourists in our waters and the wealth generated at all levels of our islands.
Wednesday, June 6, 2012
The Confederació d'Associacions Empresarials of Islands (CAEB) has delivered the VI Environmental Awards on Tuesday 5th of June (World Environment Day), in alphabetical order in Astilleros de Mallorca , Estel Engineering and Works, and La Caixa. Finalists also awarded with a diploma in recognition of his work have were Blau Mediterranean, Castillo Hotel Son Vida, Mallorca Club de Mar, Olimar Hotels, Palma Pictures, St. Crispin, and Sol Menorca. The event was attended on behalf of theNautical Association of the Balearic Islands (AENB) its president, Margarita Dahlberg.
Sunday, June 3, 2012
The Association of Sport Ports in the Balearic Islands (ANADE) is committed to "enhanced coordination between the various authorities who have expertise in the recreational boating" and reiterates its readiness "to dialogue and advice" in those topics that his opinion "can be of interest to the Government of the Balearic Islands ", in order to avoid controversy as raised by the decree of moorings.
The sector of recreational boating and sport has an important bearing on the tourism industry and for this reason Spain will implement a new regulation that simplifies the necessary rescue equipment as well as a more practical tests, as noted by the Director General of Merchant Marine , Rafael Rodriguez Valero.
This amendment will add a rule that will include the technical standards applicable to megayachts in order "that are harmonized with other European countries," added Rodriguez Valero during his speech at a conference organized by the Spanish Maritime Cluster ( CME).
"To create wealth and employment, increasing social cohesion, improving the quality of the services we provide and unify criteria among Maritime Authorities" are some of the objectives that the current Director General of Merchant Marine Rafael Rodriguez Valero,has set out on his plan of objectives and today he beat presented them to The Spanish Maritime Cluster partners, at a breakfast. In the presentation, Federico Jaquotot Esteve, president of CME, introducing the activities developed by the Cluster highlighted the efforts of all the Spanish maritime sector is devoting to "promote maritime development through innovation and application of new technologies" .
Speaking during the presentation of the speaker, Frederick Esteve, highlighted the "active role" that the CME is taking place in the Spanish maritime sector both in the aspect of industrial development as the "innovation", noting objectives "to promote technological development, innovation and promoting participatory Spanish maritime industry in Europe. "
The parliamentary group today approved the Tourism Commission proposals to the Balearic Parliament to encourage and strengthen tourism and cruise ship sailing in the Balearics.
So on the one hand, the popular MP Martí Biel has defended the text, which called for the Balearic Islands Port Authority to enter into agreements with shipping companies to boost cruise activity at the ports of general interest of our islands, especially in Palma de Mallorca.
For his part, Rep. Lourdes Bosch has exposed the contents of the second initiative, which calls for the central government to the National Tourism Plan incorporating the nautical tourism product and that the State meets the special tax on certain Transportation to the requirements given by the EU to exempt the payment of tax on vessels engaged in the rental activity.