Greece Exempts Small Pleasure Boats from Shipping and Luxury Taxes

Owners of small pleasure boats in Greece are now exempt from two taxes, the Ministry of Economy and Finance announced on Thursday.

The announcement follows an amendment to the ministry’s bill titled “New Development Program of Public Investments and Supplementary Provisions.”

According to the amendment, pleasure boats (Class B) under 7 meters are exempt from both the special shipping tax and the luxury living tax.

The ministry clarified that the tax exemption is retroactive, meaning that owners of Class B vessels (personal, non-commercial watercraft used for leisure activities) up to 7 meters will not be required to pay taxes for the years 2020, 2021, 2022, and 2023. Owners who have already paid these taxes are entitled to a refund.

It is also noted that the deadline for submitting tax declarations for Class B boats under Law 27/1975 (A 77) for the fiscal year 2023 had been extended until September 26.