Yacht 2020: New French VAT regulation / End of the lump sum reduction on charter hire.
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Yacht 2020: New French VAT regulation / End of the lump sum reduction on charter hire.

On January 29, 2020, the tax bulletin (BOFIP) defining the new French VAT regulations applicable to commercial vessel charter hires departing from France was published for consultation by all.

The consultation is scheduled until March 1st, 2020. The objective of the public consultation is to allow associations and professionals in the sector to send any comments to the tax authorities for their consideration before the official publication of the text. This text is therefore not definitive and could still be slightly modified.

This regulatory change is a logical continuation of the previous changes in 2013 and 2015: Taxation of commercial vessel charter hires departing from France: VAT and fuel tax regulations

The tax bulletin highlights the following points:
Contact us by mail: charter@easytax.fr or by phone at +33(0)4 93 72 66 93.

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