Sardinia Luxury Tax on Mediterranean Yacht Charter Vessels Abolished

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The naval architects at Espen Oeino International S.A.R.L. continue to raise the bar of superyacht design. Their latest offering is Sunrise Yachts motor yacht IRIMARI.
Delivered to her owner in July, the 63 meter yacht is currently cruising in the Greek islands. So far there is no word if the vessel will be entering the Greek yacht charter fleet.
Sunrise 63 yacht IRIMARI makes her official debut at the 2015 Monaco Yacht Show.
Per our friends at Boat International, one exciting “superfeature” to be expected inside motoryacht Irimari is “…a video wall spanning two decks!”
Espen Oeino International is considered one of the leading design studios of private yacht charter vessels. They base in Monaco. Their specialty is in the category of Superyachts. Their portfolio includes Lurssen motor yacht MARTHA ANN, and the world’s largest yacht available for charter, Fincantieri yacht SERENE.
The launch of yacht IRIMARI marks the first of the Sunrise 63 series to splash down for the Turkish builder. The Espen Oeino designed yacht features interiors by Focus Yacht Design and naval architecture by Unique Yacht Design. Built with a high tensile steel hull and aluminum superstructure, the yacht has a transatlantic range of 5,000 miles, and a top speed of 17 knots.
Her owner initially plans spending time onboard. We hope to see this beautiful yacht enter the charter marketplace.
In conclusion, interested in chartering a yacht like this one? Here is a sampling of some of the newest yachts for hire.
This entry was posted in Yacht Charter News Educational and tagged monaco yacht show, video wall, Irimari, Greece, Mediterranean yacht charter, private yacht charter, newest yachts, Espen Oeino, Sunrise Yachts, yacht charter Greece
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A new, higher VAT (Value Added Tax) rate went into effect. All charters that commenced after July 20, 2015 in Greek waters are subject to the tax.
The new legislation raised the overall VAT from 13% to 23%. Specifically, lower rates apply to certain charters, based upon the duration of the hire.
There are two VAT categories for charters lasting 3 days or longer:
For charters up to 48 hours, there are no discounted rates. Full VAT of 23% is due (previously 13%).
Jana Sheeder, President of 1-800 Yacht Charters, points out the new VAT rates affect ALL charters taking place after July 20, 2015 – even if the charter agreements were signed in prior months. “With the current economic crisis in Greece, we’ve been anticipating some form of VAT austerity,” says Sheeder. “With each charter agreement we prepare, we add a clause indicating that the charterer is responsible for any increase in VAT – this way, there are no surprises. The more details we cover with our clients, the smoother their Superyacht Experience will be.“
How will the increase in VAT on private luxury yacht charter vacations in Greece effect the number of yacht charters?
Will clients seek alternate destinations or, “grin and bear it” to enjoy a Greek yachting holiday?
Let us know your thoughts. We will share your comments with our readers AND send you a free complimentary Eco-tote bag! Email your comments (and your mailing address!) to info@1800yachtcharters.com
This entry was posted in News Educational and tagged Eastern Mediterranean yacht charter, VAT value added tax, eco-tote, greece yacht charter, free gift, sailing yacht charters, Q & A, motoryacht charter, Greece, Mediterranean yacht charter
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As a destination, Greece is a sensory celebration. It’s a dance with history and ancient gods, and a courtship between natural beauty and modern luxuries. It’s also an invitation to indulge in a slower pace and simpler pleasures, like savoring a taverna meal complemented by a fantastic local wine you’ve most likely never heard of.
Of course, the ideal way to explore the myriad of small Greek islands is to rent a private yacht.
For travelers with experience at the helm, a bareboat charter is the most affordable option for exploration. Similar to renting a car, you do the “driving” by serving as your own skipper. Yes, you and your travel companions must also do the cooking and cleaning, but when it comes to saving money, it is hard to top the appeal of a bareboat charter, especially sail boat charters as compared to power boats.
If you are not qualified to operate your own boat, or simply desire a hire level of comfort and amenities, some of the largest yachts in the world can be rented in the land of the gods.
The famous yacht CHRISTINA O calls Greece home. The private vessel of the late Greek shipping tycoon, Aristotle Onassis, this yacht offers huge deck spaces and the indulgence of an original mosaic-tiled swimming pool. In addition to the Jacuzzi, there are three public lounges, a gym, and a game room – and the famous bar where Sir Winston Churchill first met Jackie Kennedy.
When to go to Greece? Jana Sheeder, President of 1-800 Yacht Charters recommends visiting Greece between May and October.
We prefer the so-called “shoulder season” (May and September/October), since the weather is generally good, and you’ll enjoy more elbow room and often better prices in restaurants and gift shops.”
When to book a yacht charter in Greece? NOW is the time to make your 2011 Greece yacht charter reservations.
This entry was posted in Frequently Asked Questions Yacht of the Week and tagged Frequently Asked Questions, motoryacht charter, Celebrities Who Enjoy Yacht Charter, Greece, Mediterranean yacht charter, Swimming pool
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“Sometimes we have to remind our clients and ourselves why we first fell in love with yachting,” says Sheeder. “Initially, you rent a private yacht to escape in comfort and privacy, then you want to explore a remote area or an island and immerse yourself in its culture.”
Sheeder laments some modern travelers are missing the wonders of exploration by spending too much time onboard their yachts. “So much beauty awaits ashore, in terms of people, nature, and culture.”
In the spirit of recapturing that sense of wonder and adventure, our intrepid team in our charter department has picked their top three island destinations. Certainly, there are bigger, more famous islands, but for white sand beaches, salty breezes, freshly caught seafood, and no crowds, head to one of these 3 “World’s Best” secret islands:
#1:
#2:
#3:
Finally, where is YOUR favorite island getaway? Tell us your best island yachting story. We will post it in our blog and share it with the world! Send us photos!
This entry was posted in Destinations and tagged Bahamas, Greece, skopelos, Belize, Jana Sheeder, president of 1-800 Yacht Charters, caribbean yacht charter
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