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As you may be aware, the Matriculation Tax and its effect on the charter sector has been an issue here in Spain in the past. There has recently been a couple of conflicting opinions issued by the Spanish Tax Office relating to exemption from the Matriculation Tax and use by the ultimate beneficial owner. As a result, the people directly concerned are in discussions with the Spanish Government with a view to clarifying the situation once and for all, which would actually be very good news!

We have been made aware of several different rumours relating to this situation, hence the reason for our post, which is intended to avoid the rumours getting out of hand. Please be assured that our intentions are definitely not to cause any major concern – just the opposite!

Nothing positive will happen now until the new Spanish Government is fully operational but we will keep everyone informed as soon as we have some more news.