VAT - Greece
VAT - Greece
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).
Wondering how quickly the year is slipping by?
Use the Monaco Yacht Show gauge - it's already happening next week!
SOS Yachting is thrilled to announce that effective July 1st, a transformative new law will simplify the charter license renewal process in Spain.
On May 23rd SOS Yachting Croatia commemorated ten years of providing premier fiscal services to the yachting industry!
Starting tomorrow, this premier event is a must-attend for professionals and enthusiasts in the yachting industry, especially those keen to explore the stunning waters of Greece.
Although not all shows are hosted near an SOS Yachting office, we are delighted that the Palma International Boat Show takes place right at our doorstep! Join the SOS Yachting team on the beautiful island of Mallorca from April 25th to 28th for an exhilarating show.
As this year's MYBA Charter Show descends on Genova, SOS yachting is delighted to be sponsoring that much needed energy-boost on offer every morning of the show at the MYBA breakfast.
If you find yourself in the beautiful Viareggio area in the next couple of days, there's no question you should be making your way to this year's Yare Networking – the premier international gathering for superyacht aftersales, refit, and networking.
Join SOS Yachting at the Palm Beach International Boat Show 2024! We're excited to share that Your SOS Yachting Team will be making a splash at this year's Palm Beach International Boat Show!
Join us for our 2024 International Fiscal Trainings, where Your SOS Yachting Team will provide a comprehensive insight into all that's unfolding in the world of VAT (including the exciting Greece), ensuring you and your teams are well-prepared for the upcoming season!
As we set sail into the promising horizon of 2024, the entire team at SOS Yachting extends its very best wishes for a joyous and prosperous New Year!