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French 70% VAT rule exemption for 2020

French 70% VAT rule exemption for 2020

Commercial operations, both charter and transport contracts, have been given an exemption from meeting the 70% VAT rule for the past year, by the French tax authorities. In light of the global pandemic and limited opportunity for charter in 2020,

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End of the French VAT lump-sum reduction, unchartered territory?

End of the French VAT lump-sum reduction, unchartered territory?

Under direction from the European Commission, French Tax Authorities announced on Thursday (30th January) that from March 30th 2020 a reduction on the proportion of time spent outside of French and EU waters will replace the current tax regulation governing

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French Finance Bill 2018 – what we know

French Finance Bill 2018 – what we know

Photo courtesy of PT Money Just when everyone was getting back from Monaco this year, the French government submitted a finance bill that could see bigger taxes on superyachts. The new French Finance Bill for 2018 looks to replace the

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VAT update: changes to French Commercial Exemption

VAT update: changes to French Commercial Exemption

Dominion Marine discuss the recent changes to French Exemption for commercial yachts  Following the 2013 ECJ ruling against France and the French Exemption for commercial yachts, the French Authorities have produced new regulations BOFIP 1205-15. These regulations set out the

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