EU VAT regulations
Under EU VAT regulations, owning companies of commercial yachts intending to charter within the EU are required to register for VAT in each country where their yachts will embark on charters. A designated VAT representative or agent is responsible for remitting the relevant tax generated from charters to the appropriate authorities on behalf of the owning companies. VAT is applicable to short-term charters, ranging from 1 to 90 days, in the EU country where the yacht becomes available to the charterer.
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