Boats leave Greece over tax

Feb 11, 2014 by Guest Writer

The Greek Marinas Association (GMA) has reported that “a number” of foreign-owned yachts have left Greek waters due to new, increased taxes imposed at the start of the year, according to a story on ekathimerini.com.



News reports cite the possibility that Greek tax and customs authorities could bar yachts from leaving if owners are unable to pay the additional charges. GMA data indicated yacht owners, mostly from the UK, Italy, France, Germany and Austria, have taken their boats to Croatia, Montenegro and Turkey.

The taxes amount to about 20 percent more than last year.



GMA pointed out that when Italy tried this in 2012, 30,000 boats left. Italian officials then exempted foreign owners of private boats from the additional charges. And Sardinia withdrew its added taxes when marina and yacht owners resorted to the European authorities.

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