Fiscal regulations in France

Tax Representative

Since July 15th 2013, VAT is due on all charters used for leisure purposes and departing from France and Monaco. Therefore, it is compulsory for commercial yacht owning companies to appoint a tax representative in the country of departure of the charters.

Taxe representative appointment

Our company is able to offer fiscal representation for the VAT registration and monthly declaration of the commercial activity of your yacht in France.

All commercial yachts with chartering activities in France must get a French VAT number. Each charter started in France with guests must be declared and VAT collected must be transferred to the French tax authorities.

New regulation since May 2015

In order to be VAT exempt on the purchase of good and services, a commercial yacht must meet 3 criteria:

  • The yacht must be registered as commercial
  • There must be permanent crew on board
  • The yacht must be used exclusively for commercial purposes, i.e. under charter agreement

Since May 12th 2015 there is a new criteria: 70% of the cruising trip must be oustide of French waters.

The 2015 cruising trips will provide the basis for the 2016 assessment and only yachts that meet the conditions in 2015 will be granted an exemption for 2016.