The latest news from around the world on regulatory issues and legislation affecting the boating industry including taxes, trade tariffs, standards and environomental restrictions.

Regulatory Issues and Legislation

The conference Opportunities in Superyachts 2017 will be held on February 23 at the Excelsior Hotel in Valletta, Malta

EU warns Malta over incorrect VAT on yacht leases

2020-02-19T10:59:00+00:00

The European Commission has sent an additional letter of formal notice to Malta whose authorities it accuses of not levying the correct amount of the value-added tax (VAT) on the lease of yachts. Brussels claims that Valetta failed to properly modify its tax system in response to earlier requests by ...

New York State flag

New York State considers ‘wealth tax’

2020-02-12T12:39:00+00:00

Face with budget shortfalls and looking to fund an ambitious new program, Democratic lawmakers in New York state are gaining support for tax proposals aimed at its wealthiest residents, which include a rollback of sales tax exemptions on megayachts and private airplanes.

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Recreational boating opposes ‘Right to Repair’ legislation

2020-01-29T06:00:00+00:00

The recreational boating industry has growing concern with a growing trend: so-called ‘Right to Repair’ legislation that requires manufacturers to release software information to allow independent retailers to repair electronic products.

NMMA TC MOU

NMMA, Transport Canada reach MOU to streamline boat importation regulations

2020-01-15T15:50:00+00:00

The National Marine Manufacturers Association (NMMA) has entered into a Memorandum of Understanding (MOU) with the Canadian government which will reduce paperwork for manufacturers exporting boats to Canada.

Jean-Pierre Goudant©DavidGirard20172

Industry leaders advance key European objectives

2020-01-10T14:47:00+00:00

European Boating Industry President Jean-Pierre Goudant outlines the future direction of EBI’s efforts to position the boating sector at the heart of EU policy making.  In conversation with IBI Publisher Nick Hopkinson, Goudant passionatly advocates the need to have a ’seat at the table’ to tackle industry’s future challenges.

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US, China tariff deal helps boating, critics Say “Phase One” agreement too limited

2019-12-16T14:52:00+00:00

The move last week aimed to deescalate the ongoing trade war reduces some US tariffs in exchange for increased Chinese purchases of American farm goods

Stricter boat safety laws sought after California dive boat charter fire

2019-12-13T15:17:00+00:00

Members of the California congressional delegation are proposing tougher safety standards for small boats in the wake of a fire aboard a dive boat charter that killed 34 people.

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Philippines upgrades recreational boat records with new registry

2019-12-12T15:51:00+00:00

A significant upgrade for the marine leisure sector in the Philippines has been initiated with the launch of a new Registry of Recreational Boats by MARINA (the Philippine Maritime Industry Authority). The new system will reduce the licencing time for such craft from around two years to just five days.

MY Mischief cruising Sydney Harbour

Green light for foreign SY charter in Australia

2019-12-05T08:35:00+00:00

New legislation was passed through the Australian Senate today that enables foreign superyachts to charter in Australian waters. The special recreational vessel legislation will allow superyachts use of a coastal trading temporary licence, allowing commercial charter activities.

South Carolina’s new tax policy impacts boaters

2019-11-28T14:03:00+00:00

Changes include annual boat registration fee

Superyacht Australia CEO David Good

New Bill brings Australian foreign-flag charter licence a step closer

2019-11-27T11:39:00+00:00

Superyacht Australia will be hoping that it will be a case of third time lucky with regards to securing a licence deal that will enable foreign-flagged superyachts to perform charters while in Australia. Over recent years two previous attempts have not made it through the smallest of margins.

USCG Illegal charter crackdown continues

2019-11-19T10:08:00+00:00

The United States Coast Guard’s (USCG) focus on illegal charter operations continues in full force with the latest unlawful operator nabbed in Key West, Florida, just off the community’s legendary Mallory Square. The operator faces fines on up to US$39,936.