Monthly archive

August 2013

Croatia EU Accession Affects VAT Regime

Following Croatia's accession into the EU July 1 2013, The Yacht Attorney reports that these tax policies for yachts are in effect:

Tax Avoidance Explained

In the following article, corporate advisory firm The Sovereign Group (which also serves as parent company for RegisterAYacht.com) outlines the often unclear distinctions between tax evasion and tax avoidance which yacht owners can find confusing.

Germany Introduces Maritime Reforms

Germany has introduced maritime legislation which account for industry developments over the past century.

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Isle of Man Strengthens Ties with Korea

The Isle of Man intends to further solidify its relationship with Korea by potentially adding the Korean Register to its list of recognized organizations.

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"Yacht Attorney" Benefits from Advising Clients on Croatia's EU Accession

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Croatia's EU Accession Affects Tax, Registrations

Croatia's entry into the European Union this past July 1 2013 has impacted yacht owners registered with the jurisdiction. Hamburg-based Der-Yacht-Anwalt, also known "The Yacht Attorney", explains how in the following text:

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Bangladesh Considers Establishing Open Registry

Bangladesh is considering opening its ship registry to foreign-owned vessels provided the proper infrastructure is developed.

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South Africa Proposes Tax Incentives to Register Nationally

South Africa has introduced legislation that would offer tax exemptions for companies that register at least one vessel domestically.

The exemptions would apply to income tax, capital gains tax, dividends tax and cross-border withholding tax on interest.

Lorys Charalmbous of Tax-News.com writes:

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UK Ratifies Maritime Labor Convention

The UK has ratified the Maritime Labor Convention less than three weeks prior to its entry into force.

Junior Transport Minister Norman Baker announced Wednesday that the ratification would become official within the next week.

The UK's ratification of the convention will in turn apply to all Red Ensign territories and vessels registered with their flags.

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