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

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.


Related Articles

Commercial job yields more pay, insurance

After 36 years in yachting, Capt. Charlie Kiss landed a job on a 106-foot Burger with no future, no benefits and making the same amount of money he’d made

Spain drops fee on chartering

Spain legislators have voted to drop the maximum length exemption of 15m for vessels, basically eliminating the matriculation tax for charter yachts. Yachts wishing to begin or end charters

Founder of Ward’s Marine Electric dies

Mr. Ward Eshleman Sr., founder of Ward’s Marine Electric in Ft. Lauderdale, died Feb. 25 while in hospice care. He was one day past 96.5 years in age. Originally

Former yacht purser starts accounts company

Former yacht purser starts accounts company

Former yacht Purser Paula McDonald has started a new company to help captains with their accounts and financial reporting. Yacht Books provides professional, customized reporting for yachts. McDonald …

Denison opens in St. Thomas

Denison Yacht Sales has opened an office in St. Thomas at American Yacht Harbor in Red Hook, on the east end of the island. Broker Wiley Sharp will manage

MPT to offer evening course for captain’s license

MPT to offer evening course for captain’s license

Maritime Professional Training in Fort Lauderdale, Florida, is offering a two-week evening course to earn a captain’s license. Course 104N is U.S. Coast Guard-approved for candidates seeking …