Cruisers Forum

Thread Tools Search this Thread Rate Thread Display Modes
Old 23-03-2015, 16:03   #1
Registered User

Join Date: Nov 2010
Location: UK, Croatia
Boat: Fountaine Pajot Athena 11.6m Rapa Nui II
Posts: 654
Paying VAT on a yacht leaving charter

We are taking our boat out of charter in Croatia this 2015/6 winter and intend keeping the boat in the EU thereafter. We are EU citizens so will have to pay VAT on the boat to do this legally.

VAT rates vary in the region, but clearly the valuation of the boat value for VAT is also important in determining the amount to be paid.

We are therefore looking for advice from people who have done this on:
  • The process of actually doing this
  • Valuations for paying VAT compared to market value in different places in the eastern Med
  • If I wanted to sail out of Croatia to pay VAT in another country, is there a method to do this without being liable for VAT in transit.
The essence is that I want to pay the least amount to achieve VAT paid status.

Many thanks in advance for your contributions.
Rapanui is offline   Reply With Quote
Old 23-03-2015, 16:21   #2
Registered User
Zanshin's Avatar

Join Date: Feb 2007
Location: Caribbean
Boat: Jeanneau 57
Posts: 1,776
Re: Paying VAT on a yacht leaving charter

The VAT is payable at the tax rate of the first port within the EU that you clear into. I believe that the VAT rate in Croatia is 13%, which is less than other places. I would have expected that one could find a method of valuation in Croatia, perhaps involving payment of "fees" sans receipt, which might minimize the valuation. It is unfortunate that you weren't able to take advantage of last year's reduced VAT registration fees that Croatia was offering, that would have saved you a significant amount of money.
My boat is also not VAT paid and I would like to minimize my tax liability once I enter EU waters. I believe that the Germans use a linear depreciation model which penalizes newer boats, as their true value is less than that used in a linear model. It is difficult to value boats, since there's no official "blue book" value and there is a large difference between online asking prices and actual sales prices.
I think that your best bet is to use whatever contacts you can find in Croatia to negotiate your VAT payment there rather than in places such as Greece, Spain, France, Germany and the U.K.
-Zanshin (SV Zanshin)
Zanshin is offline   Reply With Quote

charter, yacht

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Question About VAT for Non-EU Registered Yacht PatrickS Rules of the Road, Regulations & Red Tape 26 21-12-2018 08:29
How to register US boat by EU cittizen without paying VAT czech boy Boat Ownership & Making a Living 13 13-02-2015 10:39
License requirements to skipper charter with paying customers in the caribbean Charter Cat Rules of the Road, Regulations & Red Tape 12 07-06-2013 14:40
VAT Info - Buy a Yacht and Save Taxes... schipperaccio Dollars & Cents 8 22-10-2009 07:35
Paying Crew for a Yacht Charter - Where to post ads.. Aleutian Meets & Greets 0 16-08-2005 04:40

Advertise Here

All times are GMT -7. The time now is 00:20.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.