Does anybody know the implications of visiting the Seychelles
with a pleasure, not commercial
, boat owned by a Seychelles
International Business Company (IBC). The boat may be also be registered in the Seychelles but will really only be visiting temporarily. On the Seychelles government
site I find that they say no VAT is charged on goods that they believe will leave the country within less than 12 months but I wonder if that applies to a boat owned by a Seychelles entity. Or, does the IBC aspect of the company exempt it?
It seems to me that one can register a boat with an EU company owning it and not pay VAT as long as it is out of the EU. If I understand correctly, such a boat would be subject to VAT as soon as it landed in the EU. Same thing I think if it is owned by an individual that is a resident of the EU.
So, anyone with knowledge on the IBC VAT issue for the Seychelles?