An update for superyachts in France concerned about the French Commercial Exemption’s 70 per cent of trips rule…
In response to threatened sanctions imposed by the European Commission, the French government amended the criteria for benefitting from a VAT exemption for the supply of good and services concerning the commercial operation of superyachts. In order to qualify for the tax exemption commercial yachts must comply with the three essential criteria that were outlined in the original provisions of the French Commercial Exemption, furthermore 70 per cent of a commercial yachts ‘trips’ must be conducted outside of French national waters. However, in light of the COVID-19 pandemic and the resultant lack of activity, there have been concerns about commercial vessels’ ability to claim exemptions in 2021.

https://www.superyachtnews.com/business/2020-viewed-as-anomalous-for-commercial-exemption-in-france-