The fourth edition of the Fiscal Meeting organised by SOS YACHTING took place on September 25 at the Hotel Hermitage in Monaco within the framework of the Monaco Yacht Show, the reference event in Europe in the field of superyachts and megayachts.
Miguel Ángel Serra participated as a speaker at the meeting and analysed the evolution of the Spanish nautical market since 2014, highlighting its enormous potential. From a technical point of view, our Partner discussed with the attendees the latest developments regarding the IEDMT (known as Registration Tax), the Non-Resident Income Tax (IRNR) and relevant customs aspects such as the possibility of operating in commercial regime (charter) under the Temporary Import Regime (RIT). At another point, Serra tackled some projects and proposals that are being analyzed by the Spanish Administration to bring the tax treatment in Spain -especially in VAT matters- closer to that of our most direct competitors in the Mediterranean (i.e. France and Italy).
The event, which had complete capacity, brought together nearly one hundred and fifty attendees, including representatives of major European shipyards, shipping registers, management companies, brokers, lawyers, financial institutions, insurance companies and the media.