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THE TRANSPORT CONTRACT
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VAT REDUCTION ON CHARTERS WOULD NO LONGER BE APPLICABLE IN 2020 On Nov. 29th, the President of ECPY met with the administration of the Directorate of Tax Legislation - DLF. The DLF officers informed ECPY that the application of the VAT reduction on charters as...
Important elements on the recent decree by French Mediterranean Maritime Authority (PremarMED) regulating yacht anchorage and stopping in French national waters
As of June 3rd, PremarMED published a decree defining the framework for future regulations regarding the anchorage and stopping of ships in French national waters. The scope of the framework is wide, including maritime safety, security and the protection of the marine...
Following the import taxes imposed on member countries by the Trump administration, the European Union has, as a reply, imposed an additional duty of 25% on US-made yachts. These additional rights creates two issues: for units offered for sale that will bear, in...