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Is VAT applied to charters in Spain? Yes, VAT is applied to all charters that start in Spanish waters. Do I need a Spanish VAT number if I charter in Spain? Yes, you need to have a VAT number in each EU Member State where you intend to start charter activities. How do I get a VAT number? You must appoint a local fiscal representative unless the yacht owning company has registe [...]Read more >>
What is the VAT rate on charters? 21%. Can I pay less VAT in case of international voyage? No, 21% is due on all charters whether they include International waters or just Spanish and other EU waters. Is VAT applied if the charter starts outside Spain? Yes, if the charter starts outside Spain in a non-EU country, VAT is due on the number of days spent in Spanish waters.& [...]Read more >>
Can EU yachts charter in Spain? Yes, they can and there are no restrictions in terms of cruising grounds. Are there any other compliances? Yes, non-Spanish flagged yachts must apply for the matriculation tax exemption to avoid paying 12% VAT on the value of the hull. EU yachts must sign an affidavit of liability in order to be authorized to charter. Once the authorization is gran [...]Read more >>
Can I purchase duty-free goods and services (APA) in Spain? No, supplies and services (APA) are subject to VAT. What about fuel? Only duty-paid fuel is available in Spain. However, goods and services including fuel are not subject to Spanish VAT if purchased outside Spain/EU.Read more >>
Are there any other restrictions if a charter arrives in Spain from another country? If the charter starts outside Spain and guests embark/disembark or the charter ends in Spain, the yacht must have a charter license. However, if the yacht starts the charter outside Spain and no guests embark/disembark in Spanish waters, and the charter does not end in Spain, no license is necessary. [...]Read more >>
Are any other taxes levied? Yes, yacht owner’s that are residents of countries that do not have dual taxation treaty with Spain are subject to a 24% withholding tax on income generated in Spain. What is a withholding tax? A withholding tax is a tax deducted at source, and levied is Spain on income generated in Spain by person’s resident outside the country.Read more >>