VAT & other taxes
Value-added tax (VAT) and other tax matters are important to the financially efficient ownership, operation and charter of a yacht. We use our knowledge of the various rules and regulations, working closely with specialist advisers, to secure the best conditions possible for you and your yacht.
VAT, other taxes and duties are slowly being harmonised within the European Community (EU). However, you will still be affected by a variety of different rules and regulations, as well as their interpretations.
Which rules a yacht falls under depends on its flag, ownership, cruising area and other factors (such as private or commercial use). The applicable rules in force must be interpreted correctly to avoid any serious penalties.
Benefits of using OCEAN Management
Our in-depth understanding of the various applicable regulations can help you to obtain the most favourable conditions possible. We work closely with reputable legal, tax and financial advisers around the world to provide you with relevant, competent advice.
VAT and other tax advice services
- Assistance with regard to VAT and tax matters prior to, during and after the build or the purchase of a yacht.
- Answers concerning VAT and tax matters related to yacht leasing.
- Support with regard to tax and clearance matters during refits and whilst a vessel is fitted out.
- Appointment of suitable agents under various jurisdictions.
- Assistance with regard to VAT matters concerning yacht charter.
