financal concerns

The Yacht Club de Monaco’s “La Belle Classe Superyachts” in conjunction with Only Yacht recently united more than 45 professionals from the luxury yachting industry to discuss the current state and future of yachting. Below is an edited summary of the article published by the Yacht Club de Monaco/La Belle Classe Superyachts.

For the rare uninitiated, VAT is Value Added Tax. For the past few years, more and more countries facing a shortage of revenue have put charter yachts under a microscope as potential sources of additional funds and began collecting VAT on charter fees.