Certificate per commercial operation — VAT calculation & 70%
Calculation and justification of the VAT rate applicable to each charter or transport contract, as well as a count of trips qualifying as “high seas” under the 70% rule.
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VAT & 70%
Annual FCE or ICE certificate — 70% rule
Calculation and certification of the annual ratio of qualifying “high seas” trips, based on all commercial operations carried out during the year, in accordance with the 70% FCE or ICE rule.
At the end of each year, FLYN-YACHTING may issue an FCE or ICE certificate summarising all the yacht’s commercial operations in order to determine its annual deep-sea sailing ratio.
Using navigation data and information relating to each charter or transport operation, FLYN-YACHTING reconstructs the voyages, verifies their eligibility and calculates the number of eligible voyages in relation to the total number of voyages undertaken, in accordance with the rules applicable in France or Italy.
The certificate lists all contracts for the year and sets out the yacht’s final offshore sailing ratio. It relates exclusively to this 70% criterion and does not replace the work of the fiscal representative, who alone is competent to assess all the necessary conditions and determine the yacht’s eligibility for the applicable VAT exemption regime.
The applicable regulation
This product documents the following rules:
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