7% GST applies
RRG Categorie: Taxation
Boat Licensing and Skippers Certificates Design, Construction and Compliance Requirements of Boats and Components Environment Health & Safety/Exposure Levels Marinas and Harbours Operating Limits Product Liability Registration Regulations for charter boats Safety Equipment Taxation Zero Emission Zones
Spain – Taxation
VAT 16% of the price on all boats and goods. If the boat purchased is pre-owned, this percentage is not applicable. Instead, a 4 % of the paid price will have to be paid for Property Transfer Tax. More than 8m in length pay the 12% at registration plus VAT. Exemption for boats under 15 meters in length and which are dedicated to charter exclusively, rowboats, or classified as Olympic sailing boats.
Netherlands – Taxation
21.0% VAT in force.
Turkey – Taxation
8% consumer tax + 18% VAT totaling 27.4% apply for all craft to be registered under Turkish Flag. But all Turkish citizens are allowed to own a boat registered with a flag state and keep the boat in Turkish waters for five years. Nearly all prefer to have their boat registered in Delaware-USA and pay no tax at all.
South Africa – Taxation
In February 2012 the Department of Finance announced an Ad Valorem tax of 10% on vessels over 10m manufactured for local use and on new and used imported vessels, effective 1 October 2012. This tax has been deferred indefinitely by the South African Revenue Service.