IMPORTATION OF COMMERCIAL YACHTS
Back
VAT exempt importation and operations under the French Commercial Exemption (FCE)
Non-EU flagged commercial vessels must be imported in order to be able to operate commercially in the EU. Normally, VAT is charged on the importation at the full rate unless the yacht can benefit from a VAT exemption scheme.
The French Commercial Exemption (FCE) has historically been the most widespread scheme for commercial yachts entering the EU although it has been subjected to conditions over recent years. The benefits are:
The French Commercial Exemption (FCE) has historically been the most widespread scheme for commercial yachts entering the EU although it has been subjected to conditions over recent years. The benefits are:
- No VAT “on the hull” on importation
- No VAT on the purchase of supplies and services for the yacht
- No VAT on the purchase of fuel (excise duty is charged in France and Monaco).
H&V Yachting can help you choose the most suitable importation scheme depending on your cruising plans and provide administrative support for operations (trip tracking and managing suppliers). Call us for more information.