VAT News – Charter Yachts in France Will be Subject to Up to 19.6% Tax Beginning 15 July

The French Tax Authority has announced that VAT will be applicable to all charters in France for contracts signed from the 15th July onwards, even on the commercial yachts that were previously excluded from taxation.

Yachts Moored in Turqouise Waters

Regulations are still being clarified, but it appears that any charter that goes beyond French territorial waters (that is 12 nautical miles) will receive a 50% reduction in the VAT rate to 9.8%. Regardless of this reduction, we highly recommend that you book your charter before Bastille Day!

See our French Riviera Charter Yachts and book now to avoid extra costs on your charter!

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