Politicians in Catalonia and the Balearic Islands have finally come into line with industry lobbyists who are fighting for the repeal of Spain’s 12 per cent matriculation tax on charter yachts over 15m.
The punitive tax — imposed by Madrid’s socialist government — is costing Spain’s boating and superyacht sector millions of euros a year in lost revenue (see Superyacht Business November 2010 for full details).
Jonathan Syrett — the managing director of Camper & Nicholsons International in Palma and vice president of the Spanish superyacht association — has been at the forefront of the fight and he believes this latest move is a vitally important development.(Superyacht Business, 9 February 2011)

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