Turkey raises VAT on boats and yachts

Turkey increased the rate of VAT (value-added tax) rate on the sale of new yachts in from 1% to 18% last month. The country is currently facing its highest rate of inflation in 20 years, rising to 54.4% in February. This is due to a decline in the value of the Turkish...

Gibraltar neew Marina hopes

The Gibraltar government and the TNG Global Foundation, have come together  to develop the Eastside of the rock, which will include a 600 berth state of the art marina which will be able to accommodate yacht and superyachts between 6m and 100m. The development,...

Yachts can now arrive directly into Bali

The first Singapore Airlines flight to land in Bali in nearly two years received a warm welcome February 16th, with the plane carrying the single largest number of passengers on a commercial international flight to the Indonesian island since it closed to foreign...