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Yacht VAT Management Solutions

Yacht owners who are planning to operate their vessels in the EU must ensure they have the appropriate European VAT arrangements in place.

This is a complex process as there are many factors to consider, including yacht size and value, current VAT status, ownership structure, private or commercial use class, planned cruising area, yacht location, the residency/nationality of beneficial owner etc.

In collaboration with legal and tax specialists and working alongside your existing yacht broker or financial team, Praxis Yacht Services can provide the necessary arrangements to help you navigate your VAT obligations.

We can offer support with the following VAT management solutions:

Okhalila Superyacht At Sea | Praxis

Yacht Ownership Services

Praxis Yacht Services provides bespoke yacht ownership structures to owners of vessels of all sizes, providing considerable advantages and peace of mind.

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VAT Management
  • For commercially operated yachts, the yacht owning company will be VAT registered at the appropriate jurisdiction and will operate as a commercial enterprise allowing recovery of VAT where applicable.
Temporary Admission
  • Temporary Admission Rules apply to non-EU resident owners who wish to use their yacht privately in the EU. Use is limited to 18 months after which the yacht must be removed from the EU before re-entering under the same rules.
French (FCE) and Italian (ICE) Commercial Exemption
  • Commercially operated yachts operating in France and Italy can take advantage of the FCE and ICE rules for both VAT on the yacht itself and ongoing supplies. There are a number of criteria that must be met for FCE/ICE.
Yacht Engaged in Trade (YET)
  • For those non-EU owners wishing to operate predominantly on a private basis while undertaking an element of charter, the YET scheme could provide the solution.
Operational Lease
  • Primarily for EU resident owners, for whom Temporary Admission does not apply, an operational lease is a consideration for a pre-defined period of ownership. Unlike Maltese Leasing, which is no longer available, under an Operational Lease, no VAT paid status is obtained at the end of the term.

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