In SuperyachtNews, Miguel Ángel Serra, partner at Legalley+, analyses the VAT treatment applicable to charter agreements where part of the navigation takes place in international waters. He addresses the differing approaches across the European Union and the practical implications for operators and yacht owners. The article highlights how applying VAT proportionately, based on reliable evidence of time spent outside territorial waters, could increase legal certainty and boost the competitiveness of the yachting sector in certain markets.
Article link: SuperyachtNews.com – Opinion – Charter, VAT and its accrual in international waters