Dear Colleagues,

This is to advise you on the latest tax measures that were introduced by the Greek Government.

A new VAT rate of 24% instead of 23% has been announced for Greece and will effect all charters starting from June 1st 2016 onwards as follows:

A. Charter duration of 3 days or more

Category I, vessels entitled to perform International cruises have a discount of 60%, therefore the applicable VAT rate is 9,6% (instead of the previous 9,2%).

Category II, vessels entitled to perform Long Range cruises within Greek waters have a discount of 50%, therefore the applicable VAT rate is 12% (instead of the previous 11,5%).

B. Charter duration up to 48 hours

There is no discount for cruises up to 48 hours, regardless of a vessel’s’ category, therefore full VAT of 24% is due (instead of the previous 23%).

It is to our firm belief that this information will be of good use allowing you to proceed accordingly with no inconvenience caused whatsoever.

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6th Mediterranean Yacht Show

The 6th Mediterranean Yacht Show took place from 4 - 8 May 2019 at Nafplion and enjoyed great success, bringing together a superb collection of luxury crewed charter yachts and hundreds of international brokers. Organised by the Greek Yachting Association, the show is the largest of its kind, with 102 of the finest yachts registered this year. Over 450 international brokers from 31 countries had the opportunity to inspect the excellent facilities of each yacht on display over the 5-day period and to experience the elevated level of services offered by the welcoming captains and crews.

Yachting tourism attracts an increasing number of visitors to Greece and MEDYS is the perfect occasion to highlight the region as one of the top yachting destinations globally. The show owes its success to the large number of registered yachts, the great turn-out of industry professionals from all corners of the globe and the contribution of the local CAs. It is organized each year by GYA under the auspices of the Hellenic Ministry of Tourism and with the kind support of the Municipality of Nafplion as well as the Region of the Peloponnese.

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