Is My Polish-registered yacht subject to VAT?
The European Union's VAT tax and yachts: The EU's Value Added Tax (VAT) is a consumption tax collected by each member state's government. VAT is required on yachts imported into the EU and yachts purchased by EU owners who use their yachts in the EU. Any boat regardless of country that spends more than 6 months in EU waters in any calendar year, is liable to VAT. A boat can only be used in the EU if it has paid VAT. Each member state applies its own interpretation, implementation, administration, and enforcement of EU VAT rules. Individual member state regulations govern VAT rates. The appropriate VAT requirements are usually enforced by the local customs office . A yacht registered in the EU has the ability to travel freely throughout the EU if VAT has been paid in any EU country. If the yacht stays in some EU nations for more than six months, it may be subject to local rules. What documentation is necessary for VAT? When travel...