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.
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VAT & 70%
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.
At the end of each charter or transport operation, FLYN-YACHTING issues a certificate detailing the yacht’s voyage precisely, in order to calculate the portion of the contract subject to VAT based on the time spent within and outside European Union waters.
Using the navigation data, FLYN-YACHTING reconstructs the itinerary, analyses crossings of territorial waters and determines the taxable base and the effective VAT rate resulting from the voyage, together with the supporting evidence justifying the calculation.
Where applicable, the certificate also records qualifying voyages on the high seas that can be taken into account in the annual calculation of the 70 per cent FCE or ICE ratio.
The certificate serves to document and validate the calculation, without replacing the tax representative or the competent professional responsible for validating the tax treatment applicable to the transaction.
The applicable regulation
This product documents the following rules:
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