We associate the price of a yacht with very impressive numbers with lots of zeros at the end. While it is true that these assets can be worth huge amounts of money, the actual values of the yachts are strictly calculated and it is rare for an owner to simply pay the price without being confident that he is paying the fair market value of the … Continue reading Yacht price – what does it depend on?
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
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