Further to last month’s notice about customs inspections in Palma, one of our clients reports being stopped recently and inspected by French customs officials upon arrival from another EU country. Of course, the requirement for cash and goods declarations for...
TAX & VAT
Customs step up inspections on yacht arrivals in Palma
Following the recent boarding by Customs and Excise officials of a sailing yacht arriving in Palma, we want to remind you of applicable limits of cash, alcohol, tobacco, and other goods.
Customs officers escorted and boarded the yacht upon arrival, and carried out an intensive search lasting three hours. ESTELA attended the situation, to mediate and diffuse a tense situation.
ESTELA Breakfast Seminars at the Palma Superyacht Show, 2022
Our breakfast seminars raised some interesting discussions. On Day One, we covered crucial information for the upcoming Med season, such as stamping protocols, chartering and VAT, and rules & regulation changes across various jurisdictions. Many...
Latest fiscal amendments with impact on the superyacht chartering season 2021 in the Mediterranean
The below is a summary of the most relevant fiscal amendments with effect on the superyacht chartering activity in the Mediterranean in 2021:France: The new situation for summer season 2021 is that full VAT rate - 20% - will be charged for time spent in EU waters....