Spain VAT Registration Yacht
In Spain, the standard VAT rate is 21%, and no reduction is applicable for international voyages. However, the Canary Islands do not impose VAT; instead, they have IGIC at a rate of 7%. Similarly, Ceuta and Melilla have IPSI, with rates of 4% and 0.5%, respectively.
When a charter commences in Spain, VAT is applicable on the entire charter fee, including any delivery or re-delivery fees specified in the contract. Conversely, if a charter begins outside the EU and enters Spanish territorial waters, VAT is only levied on the duration spent within these waters. Therefore, even in the latter scenario, the yacht-owning company must engage a Spain-based VAT representative.
· Standard VAT rate in Spain is 21%
· No reduction of the taxable base for international voyages
· VAT is applicable on the entire charter fee for all the charters starting in Spain
· For charters starting in a non-EU Country: VAT is due in Spain for the time spent in Spanish waters
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