Tax & Accounting Blog

France – Charter Your Yacht Before August

Indirect Tax, ONESOURCE, Transaction Tax April 24, 2013

If your summer plans include chartering a yacht in the Côte d’Azur you will want to book now to avoid paying VAT on these contracts. Over the weekend the EU Commission decided to delay a decision on the legality of French proposals for a VAT exemption on charter contracts. Until a decision is reached, which is not expected before August, charter contracts can still be entered into without the addition of VAT.

Source: http://www.sail-world.com/USA/No-VAT-French-charter-yachts-until-EU-decides/108645 and http://oceanskies.com/implementation-of-vat-tva-on-yacht-charters-in-france/