|
Why leasing can benefit from a lower VAT rate
Some
countries such as Italy, France, Malta agreed the treatment of yacht
leasing, in term of which the supply of the leasing service is taxable
according to the extent of use of the yacht within EU territorial
waters, for yacht sailing outside the EU waters the leasing is not
subject to VAT .
With
the difficulty of assessing such time, a sliding scale has been
implemented based on the length of the yacht with the assumption where
the longer the Yacht is, the longer her time spent outside the EEC
waters
|
Leasing
