Charter broker LeAnn Morris Pliske discovered in early July that some of her favorite charter yachts were already booked for the Christmas and New Year’s charter weeks in the Caribbean. It was like she had time-warped back to 2005 or 2006, before the global economic crash, when clients had to book six months to a year in advance in order to get a top-notch yacht and crew for a winter-holiday charter in the Caribbean.
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.