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Old 21-11-2015, 11:39   #1
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Question about VAT & the Canary Islands

Hello all,

Please help me with the following question. I consider buying a boat, which is currently in Maroc. It is owned by Cayman Islands IBC and registered there, VAT is not payed. We would like to sail to the Canary Islands and stay there for some time. We are EU residents. The Canary Islands are outside the EC fiscal (VAT) area: “This Directive shall not apply to the following territories forming part of the customs territory of the Community: (a) Mount Athos; (b) the Canary Islands; (c) the French overseas departments; (d) the Åland Islands; (e) the Channel Islands.

So could it be any questions/problems in the Canary Islands regarding boat's VAT status?

Thanks.
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Old 23-11-2015, 08:25   #2
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Re: Question about VAT & the Canary Islands

Anyone?
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Old 23-11-2015, 08:31   #3
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Where will it be registered...? to date I have never been asked to provide proof of VAT Paid anywhere I've travelled on any boat.
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Old 23-11-2015, 13:56   #4
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Re: Question about VAT & the Canary Islands

It is currently registered under Cayman Islands flag and owned by Cayman Islands company. There are no obstacles to keep it this way.
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Old 23-11-2015, 14:05   #5
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Re: Question about VAT & the Canary Islands

Well the flag will draw them in like flies to ****...
Funny that they have no VAT.. seeing as thats where many claim back their VAT paid in the EU before the Trans-at.. it is Spanish Territory after all.
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Old 23-11-2015, 14:19   #6
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Re: Question about VAT & the Canary Islands

Shouldn't be any problems.

As noted in an earlier post, even within the EU you're highly unlikely to have anyone require you to prove your boat's VAT/IVA status; the only two boats we know of who've been so required (definite/known cases, not third hand urban myths) had both done something to severely annoy the authorities in the first place.

Notwithstanding, as also noted earlier: The Canary Islands are part of Spain, however, unlike Spain's Mediterranean Islands, the Canary Islands are definitely NOT part of the EU.
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Old 23-11-2015, 14:25   #7
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Re: Question about VAT & the Canary Islands

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Well the flag will draw them in like flies to ****...
Funny that they have no VAT.. seeing as thats where many claim back their VAT paid in the EU before the Trans-at.. it is Spanish Territory after all.
What do you mean by 'them'? Could you please be more specific. The Canary Islands are excluded from VAT area by Article 6 of Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax.
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Old 23-11-2015, 14:36   #8
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Re: Question about VAT & the Canary Islands

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Notwithstanding, as also noted earlier: The Canary Islands are part of Spain, however, unlike Spain's Mediterranean Islands, the Canary Islands are definitely NOT part of the EU.
The Canary Islands is a part of Spanish territory and thus part of EU, but excluded from EU fiscal (VAT) area: https://en.wikipedia.org/wiki/Specia...European_Union
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Old 24-11-2015, 03:36   #9
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Re: Question about VAT & the Canary Islands

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The Canary Islands is a part of Spanish territory and thus part of EU, but excluded from EU fiscal (VAT) area: https://en.wikipedia.org/wiki/Specia...European_Union
It may well be excluded but that does not mean they have no form of taxation of their own which you could be hit with.. 10pc is a popular number.
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Old 24-11-2015, 03:58   #10
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Re: Question about VAT & the Canary Islands

Greetings and welcome aboard the CF, Kemp.
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Old 25-11-2015, 05:21   #11
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Re: Question about VAT & the Canary Islands

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It may well be excluded but that does not mean they have no form of taxation of their own which you could be hit with.. 10pc is a popular number.
Maybe they have taxation for respiration and/or rain? No?
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Old 25-11-2015, 12:26   #12
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Re: Question about VAT & the Canary Islands

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Maybe they have taxation for respiration and/or rain? No?
Okay.. go your own way..
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