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Tag Archives: Balearic yacht charter

Adios! Spain To Abolish Private Luxury Yacht Charter Tax

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The cost to enjoy a Balearic Island yacht charter vacation should soon be going down, as the Spanish government announced that they have ceased implementation of the IEDMT (Impuesto Especial sobre Determinados Medios de Transporte), better known in the yachting industry as the Matriculation Tax.
Spain yacht charter tax lifted matriculation tax withdrawn private luxury yacht charter
First introduced in 1992, the tax equaled up to 13.7% of a vessel’s value and was applied to all yachts over 15 meters used commercially, such as charter vessels.
Coupled with the standard VAT imposed on charters, the cost to own a superyacht or rent a yacht in Spanish waters became prohibitive when compared to other European Union countries. 
Protests by the Spanish and Mediterranean maritime industry have been ongoing ever since.  Numerous reports outlined how the tax was causing economic harm, not benefit, to employment and economic activity in Spain.  Some studies showed losses to the economy of 10 million euro per weekend alone, in high season.
For years, Spain ignored the calls to rescind the matriculation tax .  In 2011, the European Union Court of Justice declared the Spanish Boat Tax an “unlawful practice,” yet Spanish authorities ignored the guidance laid down by the EU.
Fortunately, the Spanish government finally listened.
 According to a statement released by the Spanish Ministry of Finance and Public Administrations in July, the Ministry will, “…cease the application of  Matriculation Tax to vessels of 15m+ engaged in commercial activity.”
While the news is widely heralded as positive, many hurdles remain before chartering in Spanish waters becomes competitive with other regions in the European Union. 
“Spanish IVA (VAT) remains at 21% – nearly double the typical fees found in other EU countries,” states Jana Sheeder, President of SailAway Yacht Charters and 1-800 Yacht Charters. Sheeder adds, “A myriad of permits and registration requirements makes it difficult for charter vessels to commit to cruising in Spain.Without Spanish registration, these yachts cannot begin and end a charter within Spanish waters.  So the combination of  administrative burdens and high IVA keeps most charter yachts out of Spain.”     
It should also be noted the matriculation tax has not been eliminated.  
Sheeder explains, “The tax has not been eliminated. The Ministry was careful to use the words, ‘Ceased to be applied.’   While we expect the Spanish Parliament to vote in favor of the Ministry’s position on the matriculation tax, there is no guarantee that a future administration won’t vote to reinstate it.”
Still, the abolishment of the matriculation tax is a step in the right direction.  Parliament’s approval is expected within the next few months and the new exemption should be in place in time for the summer 2014 charter season.=====================================

To charter a luxury yacht for your corporate special event or private vacation, contact 1-800 Yacht Charters at https://www.1800yachtcharters.com/book-now-contact-us/

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Buon appetito – San Lorenzo Yacht TAKARA Adds New Chef to Crew

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THE NEWS

Bon appetit!  Motoryacht TAKARA will begin the 2017 Balearic Island yacht charter season with a new chef in the galley.

3 Chefs cutting into 2 wheels of cheese

 


“Available in the Balearic Islands, M/Y TAKARA begins (the) 2017 season with a new super experienced Chef in her crew,”
reports the yacht’s manager.  “Chef Daniel Wilbor begins a new professional venture on board…With over 10 years of experience  in the yachting industry he has already worked as a chef in 11 different yachts and has sailed all across the Atlantic Ocean! Born in Great Britain, he describes himself as a creative, competent and talented cooker with an special interest in Thai cuisine.”

She then gave us more information about him:  “He also has a wide repertoire and can produce excellent meals from Mediterranean to Japanese, Indian and Asian Fusion, or North American and English dishes, all to a very high standard. His style is fresh and innovative combining a respect for quality products and a good arsenal of both classical and modernist cooking techniques.”

Delicious, well-plated meals are integral to the overall Superyacht Experience, and it’s always good news when a chef like Daniel joins a professional superyacht team.

profile of motoryacht TAKARA

 

 

 

 

THE YACHT

The San Lorenzo 126 yacht TAKARA is one of our newest additions to the Ibiza yacht charter fleet. This is a brand new, 2016 model, 38 meters in length, with comfortable accommodations for 12 guests in 5 staterooms (1 Master, 1 VIP, 1 Double and 2 Twins – with a Pullman berth in each)

Chef Wilbor will be part of a 6 person crew.

 

IMPORTANT YACHTING INFORMATION TO KNOW

Motoryacht TAKARA is fully licensed to charter in Spain.  This is extremely important and often overlooked by charter brokers and charterers.  Without this special registration, a yacht cannot begin and end a charter in Spanish waters;  furthermore, local Spanish workers like massage therapists, are precluded from coming aboard and providing services for the charter guests.  Without having a Spanish yacht charter license, a superyacht needs to begin and end the charter in a remote location, like France, which adds wasted time and increased fuel costs to the overall charter.  That is not the Superyacht Experience we envision for our clients!

 

THE TOYS

  • Castoldi 4.87 meter main tender
  • Zodiac 4 meter second tender
  • 4 complete SCUBA diving sets (for certified divers only)
  • Wakeboard
  • Water skis for kids and adults
  • Donut Towable Watertoy
  • Aquapark
  • 2  Stand Up Paddleboards SUP’s
  • Snorkeling gear

 

THE RATES

July and August = 24.000€ per day — 145.000€ per week + 21% VAT

Rest of the year = 21.500€ per day — 130.000€ per week + 21% VAT

(The price includes a berth in Palma Mallorca in the summer season)

 

CURRENT BOOKINGS

  • 21-28 July
  • 07-14 Aug

 

Come experience the talented menus of newly-welcomed Chef Daniel Wilbor onboard yacht TAKARA this summer.  Plan a private luxury yacht charter in the Balearic Islands of Spain.  Text “TAKARA” to 305-720-7245 for more information or complete our online inquiry form at https://www.1800yachtcharters.com/book-now-contact-us/ , and we will contact you right away!

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