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Old 26-06-2017, 06:11   #1
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Vat exempt purchase confusion

Hi all,
So much confusion on VAT out there, im after any comments on my exact situation..

Buying a non payed VAT yacht in greece, after the deletion has been complete from the greek registration, would i have to export the vessel to another country, re flag it ( Australian) and then re enter with a temp importation to stay a little while.? To avoid VAT

Or after the deletion from greece, can the vessel remain there while new registration is being organised? And still avoid paying VAT. If so is there a time frame this has to be done within.

Any help on this subject would be much appreciated.

Cheers
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Old 26-06-2017, 06:24   #2
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Re: Vat exempt purchase confusion

We had to leave the EU and complete the closing outside the EU VAT zone before re-entry. If the sale takes place inside the EU, it's my understanding that the VAT must be paid at the point of sale, then good luck ever getting it back especially if the boat is in the EU. Where are you in Greece? Why not take delivery in Montenegro, Albania or Turkey?
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Old 26-06-2017, 06:32   #3
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Re: Vat exempt purchase confusion

If a Greek business, presumably a charter boat business sells a boat in Greece then it is liable for VAT at the time of the sale.

As Ken says the boat needs to move outside the EU, or VAT be paid by the business.

Pete
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