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How Much Does VAT Cost On A Yacht Charter in Greece?

How much percent is the VAT rate on Greece yacht rentals? 

VAT rates are quite differently regulated for Greece yacht rentals compared to the other Mediterranean counties (such as Croatia, Italy, France, and Turkey).

Greece has reduced its VAT during the pandemic to Subsidized so that they are less affected by the economic effects of the pandemic. 
This law is still in effect and has allowed the Greek yacht industry to gain a great advantage over its competitors. 
But even the reduced rate has tiered discounts when the yachts complied with certain regulations and passed surveys.

1. Standard rates after Subsidizing due to the pandemic:

The standard VAT rate for day cruises is %24 in Greece (within 6 nmiles). However, due to the Pandemic, the VAT rate was reduced to %13 for the Crewed yacht charter for 2 days or more. But still, there are more discount opportunities between 40-60%. Which depends on the cruising area and the Licence of the Yacht.

By C. Burak KOREL

What is included when you charter a yacht?

With the effects of a pandemic, the Yachting industry is in its prime era, and chartering a yacht can sound appealing.

But then many questions come since it's new to most people; How much will it cost? What is included? Is the crew included? Can I charter all inclusive? Who is representing me and who is going to help me if something bad happens? And the list goes on and on......

Today we are going to answer one of these questions with all details;

What is included when you charter a yacht?

Crewed yacht charter has two sub-conditions which depend on the region and the type of the yachts;

By C. Burak KOREL

Abu Dhabi Grand prix on the horizon!

You should save your spot on Yas marina, fifyou really wonder who is going to be the Formula 1 champion this year!

We have two yachts available in the marina but the slots are very limited. 

By C. Burak KOREL

New Bahama VAT regulation changes inforce

New Bahama VAT regulation changes inforce

The Government of The Bahamas seeks universal compliance with the payment of Value Added Tax (VAT) by all entities doing business in The Bahamas, and as a result, all yachts conducting charter trips in Bahamian waters will be required to pay a VAT of 10% beginning 1 July 2022. 

Read full article for more details.

By C. Burak KOREL