What is yacht charter VAT?
Charter VAT (Value Added Tax) is a tax applied to the cost of renting (or chartering) a yacht in certain countries. The VAT rate can vary, ranging from 0% to 24%, depending on the country where the yacht charter begins, its duration, and whether the yacht travels in domestic waters, international waters, or a combination of both.
For example, Greece has a standard VAT rate of 24%, but this drops to 13% for crewed charters over 48 hours, and licence-based reductions can bring the invoiced rate down even further.
A List of Yacht Charter VAT Rates by Country
People also ask
Why are yachts listed excluding VAT?
Charter yachts are listed excluding VAT because the amounts differ from yacht to yacht and can even change for the same yacht within a season. Please inquire and we will provide the specific details for your yacht and dates.
When do I pay the yacht charter VAT?
VAT is paid along with your final charter fee, typically one month before the start of your trip, and the payment is managed by the fiscal agent. After signing the charter contract and before boarding, you will make a few payments: the charter fee, the Advance Provisioning Allowance (APA), VAT, and sometimes additional fees like delivery or a security deposit. There are no unexpected costs; everything is clearly outlined in your agreement.
Does my itinerary affect my yacht charter VAT?
VAT is generally tied to the country where your charter begins, regardless of where the itinerary takes you afterward. If you start your charter in Antibes, France, you pay VAT to the French authorities at the French rate, even if your journey ends in Dubrovnik, Croatia.
Do I have to pay VAT on the APA?
VAT is only charged on the base charter price, not on the Advance Provisioning Allowance (APA). The exception is all-inclusive charters, where VAT is calculated on the entire cost, since provisions are part of the price.
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Chris set us up with an amazing crew
Chris set us up with an amazing crew that collaborated with us on everything from the itinerary to meal preferences. The yacht was fantastic and everything advertised was available. We’d definitely use them again.
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Daniel is always fantastic and we only use them for charters or any of our broker needs. You can be sure he’ll be there every step of the way before, during, and after your charter. If you need to buy or charter, they’re without a doubt the best.
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Nadja organized everything perfectly in advance. Our yacht was in top condition. Captain Ivor and hostess Katarina anticipated our every need and Katarina cooks excellently. It was our first charter, but certainly not the last.
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