Фото додано Інге Валлумрод: https://www.pexels.com/en-pl/photo/sailboat-during-the-golden-hour-2562096/

Yacht temporary admission procedure in the European Union

If the yacht sails in the territorial waters of the European Union, you should remember to pay the value added tax (VAT). The VAT payment will also be related to the prior selection of the flag state, the yacht ownership structure and the place of tax residence of the yacht owner. I wrote more about it here . The EU’s Sixth VAT Directive was amended in 1993. One of … Continue reading Yacht temporary admission procedure in the European Union

Zdjęcie dodane przez Kaboompics .com: https://www.pexels.com/pl-pl/zdjecie/polski-polska-lakier-5611/

Registration of a yacht up to 24 m under the Polish flag

The Department of Shipping Safety and Port Security of the Ministry of Infrastructure has developed materials in English on the requirements for yachts under Polish law. This is a response to the great interest in registering yachts under the Polish flag. Requirements and documents of Seagoing Yachts and other watercraft of less than 24 m in length flying the Polish flag Watercraft Registration Certificate Issued … Continue reading Registration of a yacht up to 24 m under the Polish flag

Purchase of a new yacht in another EU country and IAC

In a situation where a natural person purchases a yacht from another natural person from abroad, such an event does not give rise to VAT consequences. The situation is completely different when it is the purchase of a new yacht. Definition of a new means of transport According to Art. 2 point 10 of the Act of March 11, 2004 on tax on goods and services (Journal of … Continue reading Purchase of a new yacht in another EU country and IAC

How to settle expenses for a yacht in a Polish company?

More and more entrepreneurs are planning to buy a yacht, often on lease, to conduct business meetings on it, rent it to entrepreneurs for promotional purposes. They also plan to make it available for private use by the management and shareholders of the company that is also its owner. It sounds interesting …? But is it possible at all and how to account for the expenses? And what about … Continue reading How to settle expenses for a yacht in a Polish company?

What are the options for registering a yacht in the EU for non-EU citizens?

Let’s assume that you live outside the European Union and do not have a permanent residence permit in one of the EU countries. What options do you have to register a yacht in the EU? Basically there are two options. Remember that the purpose for which the yacht is used and the area of ​​territorial waters in which you want to sail affect the choice of flag. Purpose of using … Continue reading What are the options for registering a yacht in the EU for non-EU citizens?