Greece introduces new VAT rules for charter vessels (March 11, 2020)

Confusion remains over how Greece will implement the system and whether it will be operational by summer 2020…
Greece’s new VAT rules are in accordance with the European Union’s directive and are the same rules that have been applied in both France and Italy. The new rule is based on the principle that VAT is charged at the full rate (24 per cent) for the time that the yacht is in EU waters, and no VAT is applicable while in international waters or non-EU waters. VAT will be applicable in the country where the charter begins. – Business – Greece introduces new VAT rules for charter

This entry was posted in Press. Bookmark the permalink.