S.O.S. Spanish Naval Sector

Brussels orders Spain to recover tax breaks granted to shipbuilding sector.

Last Wednesday July the 17th, the European Commission ordered Spain to recover tax benefits granted to financial intermediaries in the construction of ships in the period 2007-2011 after deeming the arrangement to be in breach of European Union competition rules.The ruling is less onerous than it might have been on the sector, given that EC vice president and competition commissioner, Spaniard Joaquín Almunia, at one point spoke of Spain having to recover such illegal aid from 2005.

Last July the 13th, Spanish National Television, broadcasted the report “S.O.S Sector Naval”. REDCAI, S.A. took part in that documentary which explains the difficult situation of Spanish shipyards and all Auxiliary industry , currently pending the European Commission resolution regarding the possible return of the aids derived from Tax Lease.

CUSTOM MADE NAVIGATION CONSOLES

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FORMACIÓN ECDIS

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Unión Europea, Fondo Europeo de desarrollo Regional, UNA MANERA DE HACE EUROPA
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