VAT on yacht chartering: Spanish matriculation tax. A sailing nightmare

Spanish Matriculation tax is a rara avis in the European tax landscape of the yacht chartering industry. This is a 12% tax on the full value of the boat, hence the large risk when evaluating this tax obligation.

The main problem with Spanish matriculation tax is the lack of consistency of Spanish tax authorities over the definition of the persons required to pay the tax.

As a general rule, there are two possible exemptions from Spanish matriculation tax: a) Boat owners who use the boat entirely and exclusively for the purposes of a business; and b) Non-established companies in Spain.

The uncertainty about the definition of establishment for matriculation tax purposes and the conditions to define ´entirely and exclusively for the purposes of the business´ make this tax obligation a nightmare for most yacht owners in Spain.

How can we help you?

Marosa is VAT firm specialized in the yacht and maritime industry in Europe. Our focus is VAT recovery and VAT compliance. We also handle the Matriculation Tax exemption for our clients. Contact us for more information about our services.

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