SMART
EU YACHT
CONTROL
TIPS TO SAVE ON TAXES HOW TO BUY A YACHT
SAVE MONEY
Privately used yachts are taxable for EU citizens depending on the tax rate in the destination country with up to 25% (Croatia) for tax purposes. The optimized EU Yacht Taxation is between 0% and 18% - depending on the options.
In general, every privately used yacht must be taxed if the owner is resident in the EU.
EU new vehicle rule
This applies to all watercraft with a length of more than 7.5 meters. But only if the first commissioning was no longer than 3 months ago or if the engine has been used for less than 100 hours.
As proof of taxes apply only original documents because copies are not recognized!
- The retailer's invoice with VAT shown and confirmation of payment is relevant here.
- In addition, all official documents relating to taxation are required.
EU YACHT TAXATION
FOR USED YACHTS
Especially when buying a used yacht which is offered as taxed: it is absolutely necessary to wait for the handover of the Original documents to insist on yacht taxation. Also to avoid misunderstandings and problems later on.
Copies are unfortunately not sufficient as proof of taxation!
The Tax savings models via Cyprus and Malta were stopped by the EU in 2019. French leasing with 10% flat-rate taxation was also abolished towards the end of 2020. These or similar yacht taxation options no longer exist.
For Swiss (however, the ship may not be delivered in Switzerland) and EU non-residents who use their vessel in EU waters: Yachts are not taxable in EU waters. The tax-free 18-month temporary and informal import applies here.
However, it must be ensured that a Correct export processing of the new yacht. Especially if the new ship comes from an EU shipyard and demonstrably leaves EU waters again before the end of the 18-month period.
The vessel can then return immediately for a new 18-month period. Proof is required, that you have left the territorial waters of the EU with your vesselto be submitted. (clarification document / port document)
SMART TAXATION
FROM 0% - 18%
For all tax-sensitive customers who want to buy a new yacht and save on taxes: We can handle everything from A-Z on request:
- The purchase of your yacht.
- The documents required for tax matters.
- Transfer and handover.
Together with our legal and tax advisors, we handle all matters for you in a timely manner. Here the legal ways the Taxation of your new ship or significantly reduce the tax burden.
Here you will find all the tips and details to keep the tax burden when buying a yacht between 0% and 18%.