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

Suez Canal

Egypt reduces licence issuing time for visiting yachts

2022-05-13T15:05:00+01:00IBI , by David Robinson

Waiting times shortened in bid to boost tourism to the country

Auckland - Orams new refit and haul-out facility

NZ to reopen to visiting yachts and superyachts

2022-05-13T12:57:00+01:00IBI , by David Robinson

Return of charter and refit activities welcome news for country’s superyacht sector

Washington

US industry leaders head to capital in support of Bipartisan Innovation Act

2022-05-12T12:01:00+01:00IBI , by Tony Esposito

Proposed bill would strengthen global competitiveness, eliminate supply chain constraints and tariffs

Parliament

Canadian government yields new luxury tax concession

2022-04-29T13:10:00+01:00IBI , by Craig Ritchie

Final legislation to be tabled next week exempts boats sold in 2021 along with boats sold in 2022 if delivered before September 1

Begum Dogalu

New Turkish charter licence and VAT initiative highlighted at MYBA Charter Show

2022-04-27T15:58:00+01:00IBI , by David Robinson

Associations working to improve Turkey’s yacht market

Yiannis Plakiotakis, Greek Shipping minister

Greece introduces new rules for yachting to help grow the sector

2022-04-22T13:08:00+01:00IBI , by David Robinson

Shipping minister announces new legal framework for marine tourism

A 10.1% gain in fishing product revenues was achieved on the strength of new product releases, including new SKUs in the company’s Humminbird electronics and Minn Kota electric trolling motor lines

California reaches compromise on sportfishing boat emissions

2022-03-29T14:16:00+01:00IBI , by Tony Esposito

More realistic set of emissions standards now in place

Turkish flag

Turkey raises VAT on boats and yachts

2022-03-29T14:08:00+01:00IBI , by Bahar Öztürk

VAT on the sale of new yachts jumps from 1% to 18%

Screenshot 2022-03-29 at 13.34.24

First superyacht detained in UK waters

2022-03-29T12:40:00+01:00

Dutch-built 191ft vessel held in London

Hainan marina

New boat registration and usage regulations announced in China

2022-03-28T15:54:00+01:00IBI , by Cynthia Tan

Hainan, the island province off China’s southern coast, looks set to play a major role in boosting leisure boating in the region

Vancouver Boat Show Granville 2019

Canadian government releases draft luxury tax legislation

2022-03-28T13:33:00+01:00IBI , by Craig Ritchie

New tax scheduled to come into effect September 1, 2022; stakeholders invited to comment until April 11

steel

US lifts tariffs on imported UK steel and aluminium products, including boats

2022-03-23T14:55:00+00:00IBI

The United States and Britain reach deal to ease tariffs