A new yachting tax law was passed in Greece on the 14th of April introducing significant improvements to the legal and fiscal treatments on private and charter boats in Greek waters.
Some of the key points are:
·Abolition of special Yacht Tax imposed on private pleasure yachts since 2009 and contributory fees on 3rd party flagged yachts imposed since 1999.
·Abolition of the tax for yachts flying a non-EU flag.
·All yachts (EU and non-EU flag) can charter in Greek waters providing they are longer than 35m, built of metal or GRP and can carry more than 12 passengers.
·Simpler registration for charter yachts. Yachts can obtain a charter license online by registering with the “Registry of Touristic Yachts and small vessels” and submit an application to the Ministry of Mercantile Marine and Aegean.
·Embarkation and disembarkation of passengers in Greek waters is allowed for EU and non-EU flags.
·Pleasure yachts can be chartered in Greek waters, with no limit on minimum number of charter days, as with commercial yachts.
·Owners of commercials yachts can now use their yacht privately without the need to draft a charter party or pay the previously relevant VAT.
·Financial leasing is allowed for pleasure and commercial yachts.
·Bareboat charter extends up to 24m yachts.
·No clearance requirements from Port Authorities for private yachts or chartered yachts with LOA less than 24m.