SPAIN: MAJOR NEWS CONCERNING ARRIVAL OR DEPARTURE OF YACHTS FROM EU CUSTOMS TERRITORY

An article from Garrigues on 31st October reported that on October 10th the Spanish Tax Agency published in its webpage an information notice by the Customs and Special Taxes Department.  It was concerned with the arrival and departure of recreational craft from the customs territory of the EU.  The main issues that the Customs and Special Taxes Department attempts to clarify, and which have recently caused considerable concern in the yachting sector, relate to filing import and export declarations, the temporary import (TA) procedure, VAT on importation, and the special tax on certain means of transport (“IEDMT” after its initials in Spanish, also known as the “Registration Tax” or “Matriculation Tax”).

http://www.garrigues.com/en_GB/new/major-news-concerning-arrival-or-departure-yachts-eu-customs-territory