by Natalie | Jun 8, 2022 | Legal & Financial
If you are interested in the acquisition of a vessel in Spain you have to know the different documents involved in the transaction and it importance. Purchase Contract. According Spanish Law the purchase must be formalized in a written contract The current legislation...
by Natalie | May 1, 2022 | Legal & Financial
Last 1st of March, the Council of Ministers approved the Law on the Modification of the Revised Text of the Law on State Ports and the Merchant Navy and the Law on Maritime Navigation (Ley de Modificación del Texto Refundido de la Ley de Puertos del Estado y de la...
by Natalie | Mar 16, 2022 | Legal & Financial
The use of pleasure crafts and yachting has experienced an important boom in recent years. The variety of designs and new materials used in the construction of vessels has led to both a proliferation of models on the market and an improvement in the conditions of...
by Natalie | Mar 5, 2022 | Legal & Financial
VAT must be paid on any yacht sailing EU waters unless it falls under the temporary import relief. The rules are not prescriptive about the basis for VAT except that it should represent the market value, but if you have bought it recently the price you paid could be...
by Natalie | Feb 2, 2022 | Legal & Financial
As general idea the introduction in EU territory of a pleasure craft is subject to Import VAT dispatch unless she is in one of these two situations: Temporary Import VAT relief Returned goods VAT relief In this article we will focus on the last one. You might have...
