vAT Yacht Leasing Scheme

VAT Yacht Leasing Scheme

In terms of the amended guidelines of the VAT Yacht Leasing Scheme, the general principle remains that 18% Maltese VAT applies on the leasing of pleasure boats, however the lessor can make use of ‘Use and Enjoyment’ provisions, meaning that the VAT charged would be proportional to the actual time that the yacht spends within EU territorial waters.