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
Egypt reduces licence issuing time for visiting yachts
Waiting times shortened in bid to boost tourism to the country
NZ to reopen to visiting yachts and superyachts
Return of charter and refit activities welcome news for country’s superyacht sector
US industry leaders head to capital in support of Bipartisan Innovation Act
Proposed bill would strengthen global competitiveness, eliminate supply chain constraints and tariffs
Canadian government yields new luxury tax concession
Final legislation to be tabled next week exempts boats sold in 2021 along with boats sold in 2022 if delivered before September 1
New Turkish charter licence and VAT initiative highlighted at MYBA Charter Show
Associations working to improve Turkey’s yacht market
Greece introduces new rules for yachting to help grow the sector
Shipping minister announces new legal framework for marine tourism
California reaches compromise on sportfishing boat emissions
More realistic set of emissions standards now in place
Turkey raises VAT on boats and yachts
VAT on the sale of new yachts jumps from 1% to 18%
First superyacht detained in UK waters
Dutch-built 191ft vessel held in London
New boat registration and usage regulations announced in China
Hainan, the island province off China’s southern coast, looks set to play a major role in boosting leisure boating in the region
Canadian government releases draft luxury tax legislation
New tax scheduled to come into effect September 1, 2022; stakeholders invited to comment until April 11
US lifts tariffs on imported UK steel and aluminium products, including boats
The United States and Britain reach deal to ease tariffs
More Regulatory News
Finland detains 21 yachts with possible links to Russian oligarchs
Abramovich yacht on the move as speculation grows to final destination
More than 100 Russian yachts already seized; others head to Crimea
EU sanction update
140m superyacht linked to Putin faces seizure in Italy
Minnesota lawmakers push for new boat safety legislation
More than 100 charter boats detained in BVI; The Moorings issues statement
EU bans all yacht and boat exports to Russia
EU expands Russian sanctions to marine sector
Ukraine: Dutch superyacht sector assesses potential fallout
Ukraine update | 3 March
Exodus of Russian-owned superyachts as sanctions bite?
New Covid restrictions in Hong Kong to affect yachting
French anchorage agreement announced
UK and USA to open negotiations on tariffs
Correct Craft CEO slams Canadian luxury tax on boats
Japan opens up for superyachts
Canadian luxury tax implementation delayed
Biden Administration confirms timing for removal of EU boat & motor tariffs
EU Commissioner & US President announce suspension of tariff dispute
