A tax exemption for superyachts listed with the Canary Islands Special Registry and has recently been agreed by the Spanish government.
The official announcement on Spain yacht charter tax follows a series of meetings with the yachting industry and Canaries Registry officials. It was made in response to a binding legal consultation with the Spanish maritime authorities.
Many are calling the tax change an important step forward which will inevitably further help open up Spanish waters to the international superyacht charter industry.
The Special Registry rules and regulations are interpreted so that the Spanish matriculation tax would not be applicable to yachts listed over 100t and used for charter.
Contact a tax specialist for any advice on yacht tax.