- A new circular has been issued to customs authorities and professional recreational vessel operators in Greece. It provides instructions on how to determine the taxable value for VAT on these vessels, especially when standard documentation like invoices or insurance policies are unavailable. The public retains claims for duties and taxes under the national customs code. The taxable value will be based on the dutiable value and EU customs legislation, and in the absence of transactional value, other available data will be used. Ultimately, the taxable value will be determined by the vessel’s current value when its operating license expires.
Source: taxheaven.gr
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
