Greece VAT Registration Yacht
Starting April 1st, 2021, the Greek government implemented incentives to support industries heavily impacted by COVID-19, notably reducing the tax base for crewed yachts from 24% to 13% through semi-annual ministerial decisions. On December 11th, 2023, the 13% VAT rate was permanently established by Law 5073/2023 for vessels with crew engaged in sea transport of persons.
Additionally, pursuant to Decree (POL.) 1156/1997, further deductions are applicable based on the Certificate of Compliance (CoC) of the vessel:
· For yachts with unlimited navigation, the VAT rate is reduced to 5.2% (a deduction of 60%).
· Yachts with limitations are subject to a VAT rate of 6.5% (a deduction of 50%).
· For static charters and those lasting less than 48 hours, the VAT rate remains at 13% (full rate).
“It is reassuring for us to be working alongside you throughout all these changes! ”
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