Yacht VAT Compliance for Commercial Operations
Calculation and justification of the VAT rate applicable to each leg of a charter or transport agreement, through to the final invoice wording.
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Transport agreement
Transport agreement
The tax exemption opportunities opened by navigation under a transport agreement, and what must be evidenced to claim them.
With regard to navigation under a transport agreement, the opportunities for tax exemption are significant, and notably:
- International shipping routes, if they reach a port in a different country from the country of departure (exempt)
- Passenger transport between Corsica and mainland France (exempt)
- Sailing quota in international waters (exempt) and modulation of the VAT rate (Corsica: 2.1% instead of 10%)
- In addition to the access, to be justified, to a fuel free of TICPE and VAT
The VAT calculation report offered by FLYN-YACHTING deals with these different cases, calculates and justifies the tax status of each travel leg thus determined, up to the final invoice wording. For this purpose, the captain, in exchange with FLYN’s experts, must specify during the cruise the nature of each stopover, according to whether it is a simple navigation stop at anchor, a transit stopover with local commercial exchange, or a stopover with passenger embarkation or disembarkation. These elements (and their supporting evidence) make it possible to justify partial or total tax exemptions.
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Related regulations
Yacht Fuel Logbook Compliance for Mixed Commercial Use
Keeping of the fuel logbook and year-end report for mixed commercial use, supporting customs monitoring of tax-free fuel.
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