VAT / TVA on Luxury Charter Yachts in France
Book your luxury yacht charter in the south of France NOW to avoid VAT / TVA tax! All charter contracts signed before 15th July 2013 will be exempt so it is essential to book your luxury yacht charter now.
The long wait is over. After many months of deliberation, the French Authorities have finally announced to the yachting industry how they intend to comply with EU rulings. Their decision means that all luxury yacht charters commencing in the south of France (including Monaco) where the charter contracts are signed after 15 July 2013 will be subject to TVA at 9.8%. It is believed that the standard rate of TVA will soon increase to 20%, resulting in a tax rate of 10% on charters commencing in French waters.