She is just one of the luxury motor yachts available for your Croatia Yacht Charter vacation this year.
YACHT DETAILS
At 53.85 meters (176’ 8”), this is one of the largest yachts cruising the Mediterranean. For instance, she can accommodate up to 12 charter guests in her six spacious, luxurious cabins.
LEO FUN INTERIOR
The interior of this motoryacht is decorated with luxurious soft furnishings. For the technologically-inclined, she also features state-of-the-art electronic equipment.
YACHT DECK
The yacht has a huge deck, It features an adjacent Jacuzzi hot tub that can comfortably accommodate six. There is also ample space for sunbathing. Additionally, a gym area and al fresco dining area are on the deck. Finally, there is a spacious sheltered lounge area as well.
TOYS
Did someone say toys? Basically, Leo Fun has a huge variety of water toys available for water sports enthusiasts on charter.
Today’s blog involves the end of the France VAT exemption. Back in February, we speculated the cost to rent a private yacht in the fabled south of France was about to go up, due to a ruling by the European Union the VAT exemption on chartering yachts in France was not compliant with EU VAT rules. Now, France’s efforts to seek a VAT exemption have failed, as the European Court of Justice has ruled the French tax exemption for commercial vessels is illegal.
WHAT DOES THE RULING MEAN?
With the majority of Mediterranean yacht charter vessels in France registered as commercial vessels, the VAT exemption these yachts have enjoyed for years will end. Luxury yacht charter customers will now find the yachts they rent subject to VAT, and this expense will almost certainly be passed on by the yacht owners to the charterers.
THE ACTUAL RULING
On March 21, the European Court of Justice (in European Commission v. France; C-197/12) had a belief. It held that French legislation providing a VAT exemption for some commercial vessels used for navigation on the high seas. Specifically that carry passengers for remuneration or are used for commercial activities. “…does not comply with Directive 2006/112/EC (the VAT directive), specifically with article 148(a), (c), and (d).
IT CONTINUES
“ The approach of the summer charter season is at hand. Yacht managers and owners are scrambling. In specific, to make sure all paperwork is in compliance with the ECJ’s ruling.”
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