Springtime each year sees Molo Vecchio, the historic port of Genoa in Italy, packed with charter yachts eager to show how good they are to an assembled audience of charter brokers. The 25th commemorative edition of the MYBA Charter Show in late April and early May did not disappoint. More than 60 yachts attended.
Will yacht charter clients be forced to pay Value Added Tax (VAT) this summer on the Côte d’Azur? If yes, then how much will the VAT be? We asked Claude Niek, CEO of Cannes-based CSO Yachts and a member of the Mediterranean Yacht Brokers Association (MYBA) Tax Committee to give us his best guess before a decision comes (all hope) in time for the charter season.