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Home›Business›VAT on Superyacht Rentals in France

VAT on Superyacht Rentals in France

By Flavio Otis
March 14, 2023
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Superyachts are the epitome of luxury and indulgence, offering guests the ultimate in comfort, style, and privacy. France is a popular destination for superyacht rentals, with its stunning coastline, world-class restaurants, and glamorous ports of call. However, as with all luxury experiences, the cost of a superyacht rental in France can be significant, and one factor that can contribute to this cost is VAT.

VAT, or Value-Added Tax, is a consumption tax that is applied to goods and services in many countries around the world. In France, VAT is applied to superyacht rentals at a rate of 20%. This means that if you rent a superyacht in France for €500,000, you will be required to pay an additional €100,000 in VAT.

While the cost of VAT may seem high, there are several ways to minimize its impact on your superyacht rental in France. One option is to charter the yacht outside of France and sail into French waters for a portion of the trip. This can be a complicated process, as you will need to ensure that the yacht is registered in a country that has a VAT agreement with France, and you will need to obtain the necessary paperwork to prove that the yacht has been imported into France.

Another option is to work with a reputable superyacht rental company that is registered for VAT in France. In this case, the company will be responsible for collecting and remitting the VAT, which means that you will not need to worry about the paperwork or logistics involved in importing the yacht into France.

It is important to note that there are strict rules and regulations regarding VAT on superyacht rentals in France, and failure to comply with these rules can result in significant fines and penalties. It is always advisable to work with a knowledgeable and experienced superyacht rental company that has a strong understanding of VAT compliance.

Despite the additional cost of VAT, renting a superyacht in France is a truly unique and unforgettable experience. From the turquoise waters of the Mediterranean to the charming coastal towns and villages, the French Riviera offers a wealth of experiences and adventures for guests to enjoy. Whether you are looking for a romantic getaway, a family vacation, or a corporate event, a superyacht rental in France is sure to exceed your expectations and create memories that will last a lifetime.

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