Dreaming of sailing European waters in your own yacht? Whether you’ve spotted the perfect vessel in the Caribbean or found a bargain in the United States, bringing your yacht into EU waters involves understanding some important tax obligations. Many yacht owners find the import process daunting, but with the right knowledge, it becomes much more…
If you own a yacht flagged outside the EU, you might be wondering whether you can cruise European waters without paying import duties and VAT. The answer lies in understanding the EU’s temporary admission scheme – a valuable option for yacht owners, but one that comes with strict rules and important caveats. Let’s explore what…
Buying a yacht within the EU comes with VAT responsibilities that many buyers overlook. Whether you are purchasing from a shipyard, private seller, or charter company, understanding your tax obligations can save you from hefty fines and legal complications down the line. The consequences of getting this wrong are serious. Authorities can arrest your vessel…