Calamos Supports Greece
GreekReporter.comGreeceCirculation Tax in Greek Waters

Circulation Tax in Greek Waters

greece sailing
Greece recently announced a new law that enforces taxes for circulation in sea. Anyone who thought of sailing through Greek waters this year will first have to read the following information concerning the tax.
The tax applies to small vessels of all nationalities, commercial or leisure that are over 7 meters in length and want to sail or moor anchor in Greek waters. The tax allows circulation for one calendar year only and the annual charges are:
For 7 to 8m vessels 200€
For 8 to 10m vessels 300€
For 10 to 12m vessels 400€
Every vessel over 12m is charged with 100€ per meter and have two option to reduce costs. The owners can either pay 10€ per meter per every month they stay in Greek waters or have a 30% discount on the annual fee if they are permanently based in Greece.
The circulation tax is valid for the whole period that was covered by the payment but it is not repayable in case the vessel is taken outside the country.
The law derived from two years of conversation that revealed two main oppositions: tourism versus taxation need. Since the law became definite many owners with boats based in Greece have decided to leave Greek waters, while others are seeking concessions for specific boat categories in order to avoid relocating.

See all the latest news from Greece and the world at Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!

Related Posts