- VAT is applied on top of the charter rate in the world of yacht charters
- VAT is a consumption tax applied to yacht charters in many countries
- VAT is calculated as a percentage of the charter fee and is mandatory depending on the region
- VAT is payable 30 days before the departure date according to MYBA and CYBA contracts
- VAT rates vary across EU countries, with different rates and application details
- France, Italy, Greece, Spain, Croatia, Turkey, Slovenia, Cyprus, Malta, and Sweden have specific VAT rates for yacht charters
- France, Monaco, and Italy have specific VAT regulations for superyacht charters, with VAT charged at the full rate of the departure country
- VAT is charged on any delivery or redelivery fees associated with the charter in France and Italy
Source: yourboatholiday.com
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.
