If you want your yacht to circulate freely in the EU, it is important to note that Value Added Tax (VAT) is applicable in all EU Member States, albeit at differing rates. It is essential therefore, to obtain professional advice before you begin the purchase as you will need to consider whether you are placing your yacht into an appropriate structure that properly supports your yacht and minimises or eliminates exposure to VAT.
Source: superyachtnews.com
Latest Posts in "European Union"
- New SDEU Ruling May Allow Earlier VAT Deduction Without Waiting for Invoice Receipt
- Input Tax Deduction and Gratuitous Value Transfers: New BMF Guidelines Effective from 2026
- Parcels from outside the EU 5 euros more expensive from November due to extra import duties
- EU Financial Sector Tax Reform: Divided Parliament Debates VAT, IPT, and FTT Amendments
- Online workshop – Reality check on the revision of eInvoicing Directive (April 27)
