Owner's use in Greece & Applicable VAT

OWNER'S USE IN GREECE & APPLICABLE VAT

The recently issued Circular E.2006 / 18-02-2026 finally provides long awaited clarifications regarding the VAT treatment of private use of commercial vessels with crew.

According to the circular, private use by the owner is treated as the provision of passenger transport services, and therefore a reduced VAT rate of 13% applies.

The taxable value for calculating the 13% VAT is based on the total expenses incurred for providing the voyage, including indicatively:

• Crew salaries and related expenses (pro rata)

• Fuel costs

• Port charges and fees

• Provisions and supplies

This circular addresses previously missing guidance, helping vessel owners and operators properly understand and comply with the new VAT rules.

Reach out to us for more information:
info.greece@sosyachting.com