Spanish IPR
Inward Processing Relief. A customs regime allowing non-EU yachts to undergo refit work in Spain without paying import VAT, provided they are subsequently re-exported.
Spanish IPR (Inward Processing Relief) is the EU customs regime under which a non-EU-flagged yacht can enter Spain for refit work without triggering EU VAT or import duty, provided the yacht is re-exported on completion. The regime is widely used at MB92 Barcelona, STP Palma, and Astilleros de Mallorca. Equivalent regimes exist in France (Commercial Exemption) and Italy.