The term ‘VAT paid status’ is essential for buyers, sellers and owners of luxury assets, such as yachts and private jets, as it ensures free movement within the EU without further VAT consequences. This status implies that the appropriate VAT has been paid to an EU Member State, and can be proven through various documentation. However, the VAT paid and free circulation status are not perpetual and can be forfeited in certain situations, such as when the asset is exported from the EU and re-imported.
Source Zampa Debattista
Click on the logo to visit the website
Latest Posts in "European Union"
- ECJ C-726/23 (Arcomet Towercranes) – Judgment – Transfer Pricing Adjustment for intra-group services subject to VAT; documentation required
- Public Consultation on Tobacco taxation – excise duties for manufactured tobacco products
- ViDA Assessment Checklist: 28 key questions for evaluating vendors
- New General Court VAT case – T-569/25 (X-GmbH) – Details not yet known
- Agenda of the ECJ VAT cases – 1 Judgment, 6 AG Opinions, 2 Hearings till October 3, 2025
