These guidelines allow the possibility to mitigate the Vat charged on a yacht leasing arrangement based on the actual effective use and enjoyment of the yacht in EU territorial waters. This will ensure that throughout the lease arrangement the Vat levied shall only target the lease covering the effective use and enjoyment solely within the EU whilst no Vat shall be charged when such use and enjoyment is outside EU or in international waters.
Please feel free to contact LexPractis should you require further information on the adoption and implementation of this measure.
LexPractis, 98 Archbishop Street, Valletta, VLT 1446, Malta, Europe
Office: +356 2122 1030 | +356 2122 1130
Fax: +356 2122 1002